INTELLECTUAL CAPITAL and the EFFICIENCY OF VALUE ADDED:  Trends in the Singapore Capital Market 2000 – 2002
The Intellectual Capital and the Efficiency of Value Added: Trends in the Singapore Capital Market 2000 – 2002 provides an unparalleled up-to-date analysis of recent changes in the efficient use of intellectual capital resources, and key factors influencing these changes. Within business entities, industries and national economies, the ultimate objective of measurement, accounting and information reporting is to provide information to better enable private and public policy makers to make better decisions about the allocation of scarce resources. Currently, the world is awash with arrangements that fail to systematize information available for properly evaluating and allocating key resources pivotal for creating value in the new economic age – The Knowledge Age. Analysis in this book provides a valuable series of signposts to assist present and future decision makers whilst providing an initial basis for future bench marking at the national, industry and firm levels. These signposts provide a springboard for future challenge of more in-depth measurement, accounting and reporting structures offering greater systemized co-ordination and cohesion better capturing the new economic environment. This book is pertinent to researchers, management and policy makers, offering a vein of insights that are deeply thought-provoking.	In Store Price: $24.00  Online Price:   $23.00 ISBN:: 1-9208-8462-9 Format: A5 Paperback Number of pages: 238 Genre: Non fiction/business
Author: J - L.W. Mitchell Van der Zahn with Greg Tower and John Neilson  Imprint: Poseidon Publisher: Poseidon Books Date Published:  2004 Language: English

ABOUT THE AUTHORS  

Mitchell Van der Zahn, Associate Professor at the School of Accountancy of Singapore Management University, has a diverse research agenda traversing various disciplines. The main focus is in the areas of (1) intellectual capital/knowledge management; (2) corporate governance; (3) accounting disclosure practices; and (4) international accounting. Dr. Van der Zahn has published articles in reputed international refereed journals such as The International Journal of Accounting, European Accounting Review, and Journal of Intellectual Capital. He has also been published in professional journals and a book chapter on intellectual capital. Dr. Van der Zahn as also presented research papers at renowned conferences on intellectual capital and accounting topics around the world. In conjunction to his work in academia, Dr. Van der Zahn is the founder and developer of the Corporate Governance Intellectual Capital (CGIC) Archive.

Greg Tower is the research professor in the School of Accounting at Curtin University of Technology in Perth, Australia. He is a Certified Public Accountant who received his Ph.D. from Massey University in New Zealand. His previous publications have appeared in journals such as International Journal of Accounting, Journal of Accounting and Public Policy, Abacus, Higher Education, British Accounting Review, Advances in International Accounting, Financial Accountability and Management, Accounting and Finance, Australian Accounting Review, and professional accounting journals in Australia, New Zealand, Singapore and Malaysia.  Professor Tower’s research strengths are in international financial accounting especially in the areas of firms’ accounting disclosure, measurement and accounting regulation.

  John Neilson is the Head of the School of Accounting at Curtin University of Technology in Perth, Australia. He is a FCPA and very active in the accounting profession with strong links to commerce, industry and the public sector in Western Australia.  His research strengths encompass governance, accountability and reporting themes.

With this report the principal author - Dr. Mitchell Van der Zahn, a highly respected intellectual capital (IC) expert and dear colleague – and his collaborating authors open a new chapter in Singapore’s national reporting tradition by following an international trend. It represents a wonderful example of new generation reporting, with a focus on value added, value creation efficiency, intellectual capital, knowledge utilization and corporate governance. It covers a broad field, from the value creation efficiency of the Singapore stock market to the efficiency of companies according to various criteria and the efficiency of sectors. It enables benchmarking of industry sectors and the national economy. Why is such information important and valuable? Because business and political management receives a new and maybe surprising, though no less real, picture of Singapore’s business success. This way the opportunity is given to better control the process of value creation and, if necessary, intervene in time.  

Intellectual Capital and the Efficiency of Value Added: Trends in the Singapore Capital Market 2000 - 2002 is an extraordinarily rich taxonomy of a complex and dynamic topic, and its effect on a key capital market in the Asian and global landscape. The thorough analysis provides a key piece to the global jigsaw in our understanding of intellectual capital, whilst also providing a valuable bridge to other important business issues. At one level, the analysis offers a refreshing and essential empirical snapshot of the development and utilization of intellectual capital resources in Singapore at different levels of the business spectrum. In addition, the analysis provides vital evidence of linkages between pivotal corporate governance mechanisms which are becoming a critical aspect of modern controllership and effective ethical leadership. This is important as it provides an essential image of the potential impact on the future efficient use of intellectual capital resources by Singapore publicly traded firms in the wake of corporate governance reforms. At an even more profound level, the research - not only in its analysis of Singapore - challenges us to reflect more broadly upon what constitutes sound and efficient use of intellectual capital when developing a competitive advantage at a firm, industry or national level. The analysis points out that we need to reflect more broadly on the notion of "resource-rich". In doing so we must also consider the most profound and appropriate methods and mechanisms for best utilizing key future resources. With its wide-ranging data, fresh perspective and thorough analysis, the study is a 'must read' and reference source for academics, practitioners and policy makers alike, across the broad spectrum of business disciplines, capital markets and national economies.

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