Title: From a value-based knowledge economy to a worth economy. New reflections and perspectives on intellectual capital research

Authors: Leif Edvinsson; Francesca Dal Mas; Patricia Ordóñez De Pablos; Maurizio Massaro; John Dumay

Addresses: Lund University, Lund, Sweden; The New Club of Paris, Vienna, Austria ' Department of Management, Lincoln International Business School, University of Lincoln, Lincoln, UK ' Department of Business Administration, Universidad de Oviedo, Oviedo, Spain ' Department of Management, Ca' Foscari University of Venice, Venice, Italy ' Department of Accounting and Corporate Governance, Macquarie University, Sydney, Australia

Abstract: In this paper we review the main evolution of intellectual capital (IC) research after 20 years from the first article published by Leif Edvinsson on the topic. In developing the paper, we highlight the main concerns that were stimulating the debate at the time. The paper employs a conceptual review starting from the questions raised in one of the first papers about IC. While 20 years ago, the debate was about the starting of the knowledge economy, the search for increasing economic value and IC research was at the beginning. Today we face a different situation. The knowledge economy represents a consolidated concept, and a new paradigm is emerging based on an economy in which sustainability and worth represent the core values. Organisations are employing new business models to create value that also embraces a sustainable perspective. New research streams on IC are emerging.

Keywords: intellectual capital research; intellectual capital evolution; intangible assets; knowledge economy; sustainability; economic value; market to book value; business models; competitive advantage.

DOI: 10.1504/IJLIC.2022.119282

International Journal of Learning and Intellectual Capital, 2022 Vol.19 No.1, pp.83 - 101

Received: 22 Jul 2020
Accepted: 01 Feb 2021

Published online: 30 Nov 2021 *

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