The Electronic Journal of Knowledge Management aims to publish perspectives on topics relevant to the study, implementation and management of knowledge management
Click here to see other Scholarly Electronic Journals published by API
For a range of research text books on this and complimentary topics visit the Academic Bookshop

Information about the European Conference on Knowledge Management (ECKM) is available here.

For info on the International Conference on Intellectual Capital, Knowledge Management and Organisational Learning (ICICKM), click here
Information about the European Conference on Intellectual Capital (ECIC) is available here
To join the EJKM review committee click here
 

Journal Article

A New Insight into the Valuation of Start‑ups: Bridging the Intellectual Capital Gap in Venture Capital Appraisals  pp75-88

Blanca María Martins Rodríguez

© Nov 2003 Volume 1 Issue 2, Editor: Fergal McGrath, pp1 - 226

Look inside Download PDF (free)

Abstract

The emergence of a New Economy has brought consensus to the idea that innovation skills and capabilities are the main drivers of a firm's wealth generation capacity. The principal role that venture capital played in boosting American economic productivity and growth during the 1990s, fuelling innovation and the creation of new firms is well known. However, the huge number of bankruptcies among high‑tech companies in 2000 generated general distrust in financial markets worldwide. In particular, it caused great reluctance to invest in start‑up companies and led investors and academics to question and take an in‑depth look at existing valuation procedures. Building upon the concept of competitiveness of Man et al. (2002) and the premise that a firm's success is the result of appropriate strategy formulation and implementation (Grant, 2002), the present paper develops the start‑up general valuation model (SGVM) as a first step to improving the investment appraisal of start‑up companies and promoting a more effective allocation of resources in the economy.

 

Keywords: start-ups, valuation, venture capital, business model, top management team, intellectual capital

 

Share |

Journal Article

Facilitating Organisational Sustainability Through Expert Investment Systems  pp45-54

Carol Royal, Farhad Daneshgar, Loretta O'Donnell

© Nov 2003 Volume 1 Issue 2, Editor: Fergal McGrath, pp1 - 226

Look inside Download PDF (free)

Abstract

This paper uses literature from the fields of organisational sustainability and human capital, which have demonstrated a link between sustainable human capital and the financial performance of the firm, to argue that securities analysts need to be able to systematically analyse human capital in order to provide transparent and well‑informed investment recommendations. It is the function of securities analysts to attempt to predict the future financial performance of firms within an industry sector. Models for this analysis have traditionally been heavily quantitative, relying on mathematical models of future earnings forecasts, based on published annual financial statements from listed companies. Securities analysts' quantitative modeling methods are directly underpinned by qualifications and certification processes that encourage demonstrated skills in quantitative methods. The authors provide an opportunity for securities analysts to systematically gain insights on the human capital of firms using a future expert system, called Human Capital Analyser (HCA), whose general characteristics are also outlined in the conclusion of this article. This expert system will help bridge the knowledge gap in the work of securities analysts.

 

Keywords: knowledge representation human capital analysis expert systems finance industry securities analysts

 

Share |

Journal Article

In Search of an Intellectual Capital General Theory  pp213-226

José María Viedma Martí

© Nov 2003 Volume 1 Issue 2, Editor: Fergal McGrath, pp1 - 226

Look inside Download PDF (free)

Abstract

The development of intellectual capital theory has been guided by the ideas and thoughts of a handful of influential practitioners, including Karl Erik Sveiby (1997), RS Kaplan (Kaplan and Norton, 1992) and Leif Edvinson (Edvinson and Malone, 1997). These pioneers established the basis of the "intellectual capital standard theory". In the present paper the assumptions and principles that support the standard theory (the prevailing paradigm) are discussed. The paper then introduces other models and methodologies as alternatives to the standard theory„such as the "IC Accounting System" (Mouritsen et al., 2001), the "Value Explorer" (Andriessen and Tissen, 2000) and the "Intellectual Capital Benchmarking System (ICBS)" (Viedma, 2001)„and examines the foundations and principles on which the alternative new theory (the 'new paradigm') is based. Finally, the paper attempts to synthesise both of these theoretical approaches with other new views and contributions, and tries to develop the basis for a first general theory of intellectual capital.

 

Keywords: intellectual capital knowledge management strategic management models paradigms theory

 

Share |

Journal Article

TREEOR Model: An Approach to the Valuation of Intellectual Capital  pp119-128

María Sarabia, José M. Sarabia

© Oct 2005 Volume 3 Issue 2, Editor: Charles Despres, pp65 - 138

Look inside Download PDF (free)

Abstract

Following the biological behaviour of a tree and its growth system, this paper proposes a model of valuation of the Intellectual Capital of an organization based on a variation of the classical Lotka‑Volterra equations system. The proposed model explains the growth of an organization as a consequence of its Intellectual Capital (increment of the surface of the roots), its Knowledge (the consumption of nutritious) and its Learning (fertility of the floor). And based on the proposed model, an example with real data is given.

 

Keywords: Intellectual Capital, Organizational Learning, Knowledge Management, Lotka-Volterra system

 

Share |

Journal Article

Intellectual Capital and Value Creation: Evidence from the Por‑tuguese Banking Industry  pp11-20

Maria do Rosário Cabrita, Jorge Landeiro Vaz

© Dec 2005 Volume 4 Issue 1, Editor: Charles Despres, pp1 - 90

Look inside Download PDF (free)

Abstract

Intellectual capital has been described as intangible assets that may be used as a source of sustainable com‑ petitive advantage. However, intellectual capital components have to interact, to create value. Previous studies demon‑ strate that intellectual capital is positively and significantly associated with organizational performance. Our aim is to con‑ solidate these findings, examining the inter‑relationships and the interaction effects among intellectual capital compo‑ nents and organizational performance, in the Portuguese banking context.

 

Keywords: Intellectual capital, human capital, relational capital, structural capital, value creation

 

Share |

Journal Article

Lighting up 'Blind Spots' while Measuring Knowledge Capital  pp31-38

Andrea Fried, Fabricio Orellana

© Dec 2005 Volume 4 Issue 1, Editor: Charles Despres, pp1 - 90

Look inside Download PDF (free)

Abstract

Practical experiences in developing and introducing performance measurements systems for measuring and managing knowledge capital have shown that these instruments do not sufficiently fulfil the expectations of their users. Some authors even point out that the fundamental understanding of methodological and conceptual issues is inade‑quate. Therefore, we suggest that instead of creating further new instruments, an explanation of how and when Perform‑ance Measurement Systems (PMS) become effective is necessary. We argue that highlighting their potential production of "blind spots" and comprehending the use of PMS more reflexively will bring more sustainable effects. As a result, the concept of First and Second Order Reflection of PMS is introduced.

 

Keywords: Knowledge capital, performance measurement systems, organisational practices, first and second order reflection

 

Share |

Journal Article

Generation of Human and Structural Capital: Lessons from Knowledge Management  pp91-98

Henrik Agndal, Ulf Nilsson

© Apr 2006 Volume 4 Issue 2, ICICKM 2005, Editor: Charles Despres, pp91 - 216

Look inside Download PDF (free)

Abstract

Interorganizational and social relationships can be seen as part of the intellectual capital of a firm. Existing frameworks of intellectual capital, however, fail to address how relationships should be managed to generate more intellectual capital. Drawing on the interaction approach and the fields of intellectual capital and knowledge management, this paper develops a framework for managing relationships. The framework is illustrated with a case study. It is also noted that firms can improve relationship management and thus generate more intellectual capital.

 

Keywords: Intellectual capital, structural capital, human capital, interorganisational relationships, social relationships, relationship transformation

 

Share |

Journal Article

The New Business Models in the Knowledge Economy: the Strategic Way to Value Creation  pp159-168

Ilídio Lopes, Maria do Rosário Martins

© Apr 2006 Volume 4 Issue 2, ICICKM 2005, Editor: Charles Despres, pp91 - 216

Look inside Download PDF (free)

Abstract

Over the last decade we have seen the emergence of an economy in which the digital component has become a constant presence in all areas of knowledge. In the digital world, characterised and dominated by a complex connectivity, value assumes a complex meaning, which is strongly distinct from that used in the traditional economy. There are new business concepts, new strategies based on innovation, new mechanisms to create value, and a new need — to build methodologies and metrics that can measure and reflect it.

 

Keywords: Digital economy, knowledge economy, intellectual capital, business models, and value networks

 

Share |