Intellectual Capital trends preview

book preview of Intellectual Capital Trends




Trends in the
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


Format: A5 Paperback

Number of pages:

Genre: Non fiction/business


J – L.W. Mitchell Van der Zahn with Greg Tower and
John Neilson 

Imprint: Poseidon

Publisher: Poseidon Books
Date Published:  2004

Language: English



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
, 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.

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
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, a
nd 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.


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


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.

Why is it beneficial to introduce Intellectual
Capital Efficiency (ICE) as a measure
of business success at national or micro level
? Because at present the main criteria for business success of companies are
revenue and profit – like in the famous Fortune 500 rankings – and on
national level it is GDP. But, as extensive research has shown, these indicators
can be misleading and companies, sectors or nations could be actually destroying
value added while convinced that they are creating it. Until now companies did
not have the opportunity to benchmark against the national average. The Value
Added Intellectual Coefficient (VAIC™)
methodology provides this opportunity as it is a measure applicable at all
levels of business activity- from processes level up to national economies,
providing necessary orientation for companies and governments.
Measuring IC- efficiency is therefore as important on
national level as it is on company level. Maybe even more, as laws and policies
are made at macro level and thus influence the performance of companies as well
as of the entire economy.
Intellectual Capital Efficiency (ICE)
sheds new light on the performance of a national economy, which is different
from the one provided by GDP, revenue and profit, and because of that it is
vital as a benchmark figure in the knowledge based economy.

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.


Prices in Australian Dollars                                                                    

(c)2004 Poseidon
All rights reserved.