Title: Overcoming the additive property of value added intellectual capital (VAIC™) methodology

Authors: Antonella Silvestri; Stefania Veltri

Addresses: Department of Business Economics and Law, University of Calabria, Ponte P. Bucci, Cubo 3 C, 87036, Arcavacata di Rende (Cosenza), Italy ' Department of Business Economics and Law, University of Calabria, Ponte P. Bucci, Cubo 3 C, 87036, Arcavacata di Rende (Cosenza), Italy

Abstract: The paper has the aim of overcoming the additive property of the VAIC™ model in order to take into consideration the synergies among different IC components. Hence, the paper proposes a new formulation of the VAIC™ methodology, enriched with a term which measures the IC interaction (interacted term). This improved VAIC™ method, interacted VAIC, has been tested on the Italian financial sector. The findings show that the interacted VAIC outperforms basic VAIC™.

Keywords: methodology; synergies; interacted VAIC; Italy; financial sector; value added intellectual capital; intellectual capital interaction; additive property.

DOI: 10.1504/IJLIC.2014.063892

International Journal of Learning and Intellectual Capital, 2014 Vol.11 No.3, pp.222 - 243

Received: 10 Apr 2013
Accepted: 09 Feb 2014
Published online: 30 Aug 2014 *

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