Structure of intellectual capital – an international comparison
Inkinen, Henri; Kianto, Aino; Vanhala, Mika; Ritala, Paavo (2017-06-19)
Post-print / Final draft
Accounting, Auditing and Accountability Journal
School of Business and Management
This study tests for the differences in the underlying categorizations of IC in a sample consisting of 708 firms across five countries. Confirmatory factor analysis and comparison of different possible IC models are conducted to empirically examine the IC structure.
The results demonstrate that IC has predominantly the same underlying elements across the examined countries. However, trust capital in Finland and renewal capital in Serbia are structurally different compared to other countries.
Institutional theory and multinational corporate superculture can explain the similarity in the IC structures across countries. Specifically, globalized markets carry institutionalized rules, norms, and expectations for the participating firms; under the influence of this superculture, the firms begin to assimilate. Conversely, the differences suggest that some country- and culture-specific differences remain even during the transition to global markets.
This study is among the first to question the assumption that IC has identical structural elements across the world, and merges theories of IC and institutions to explain the possible origins of these differences.
Inkinen, H., Kianto, A., Vanhala, M., Ritala, P. (2019). Structure of intellectual capital - an international comparison. Accounting, Auditing and Accountability Journal, vol. 30, issue 5. pp. 1160-1183. DOI: 10.1108/AAAJ-11-2015-2291
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