A proposal for Measuring Value Creation by the intellectual capital in large Colombian companies

  • Patricia González González Univalle
Keywords: intellectual capital; measurement; value creation; coefficient, capital intelectual, medición, creación de valor, coeficiente


The aim of this paper was to evaluate 20 large Colombian companies in order to determine whether they were creating value from intellectual capital and, for this purpose, the Pulic Method was used to calculate the Value Added Intellectual Capital (VAIC).

The methodology consisted of taking information from the statements of income of the companies analyzed to calculate the state of Added Value and from this state, calculate the efficiency indicators related to Human Capital, Structural Capital and Employed Capital, which allow the calculation of VAIC. The indices obtained were evaluated from a table of evaluation proposed by Pulic. The grades determined whether the analyzed companies are creating value from intellectual capital.

The results show that the observed companies create value from intellectual capital. The level of association of the observed variables is high and the whole model can explain changes in the VAIC.

It is concluded that is necessary to complete the companies’ diagnosis with analyzes that do not strictly correspond to the traditional format of financial indicators, but instead to create variants based on such information, as is the case of the Value Added State whereby it can evaluate the company’s intangible asset performance.


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Author Biography

Patricia González González, Univalle

Profesora titular de la Facultad de Ciencias de la Administración, Departamento en Contabilidad y Finanzas, Univalle. Cali. Colombia.

How to Cite
González González, P. (2017). A proposal for Measuring Value Creation by the intellectual capital in large Colombian companies. Harvard Deusto Business Research, 6(1), 3-16. https://doi.org/10.3926/hdbr.135