THE STUDY OF INTERNATIONAL EXPERIENCE IN MEASURING INTELLECTUAL CAPTAL IN THE KNOWLEDGE-BASED ECONOMY

Current trends in the knowledge-based economy indicate the importance of the problem concerning the intellectual capital measurement. This article marks out a set of different intellectual capital management models that are applied by international countries and substantiates the possibility of their introduction to practice in Russian companies. The object of the research is a large enterprise in Kursk region “Joint-Stock Company “Aviaavtomatika” named by V.V.Tarasov” that specializes in design of modern avionics (the enterprise was chosen due to the fact that it has a high share of intangible assets in its capital assets). In order to define the most effective way of measuring the intellectual capital of the “Joint-Stock Company “Aviaavtomatika” named by V.V.Tarasov” a number of methods were considered, in particular, Tobin’s Q Ratio, market capitalization formula, Pulik’s method of intellectual added value. The authors made conclusions about the advantages and disadvantages of introduced methods based on the obtained results: the disadvantage of Tobin’s Q method is the limitation of the business reputation structure; the advantage of market capitalization formula is simplicity of calculation. The authors made a conclusion that only Pulik’s method reflects to the maximum the intellectual capital assessment in the efficiency of the enterprise activity as it takes into account different characteristics, such as: revenue, expenses, investment capital and added value.

As a solution to the problem of the development of specific methodical instrument for intellectual capital measurement the authors suggest to develop the procedures that are necessary to define the order of measurements and disclosure of information about intellectual capital at the level of an enterprise, industry sector and at national economic system level. This will provide the requirements and conditions of the knowledge-based economy.