出版社:Economic Laboratory for Transition Research Podgorica
摘要:This article aims to provide an empirical evidence of the value of
intellectual capital, as a proxy of intangible assets, in the water
sector. It is very interesting considering there are only a few
researches that explore the value of the intellectual capital in this
sector and is expected to fill the gap of the literature review. This
study presumed that the value of intellectual capital in the water
sector is low in view of the fact that it is a capital-intensive sector. It
adopted the value added intellectual coefficient (VAICTM) as the
instrument to measure the value of intellectual capital. The data
were collected during the year of 2013-2015 from 253 municipal
water utilities (MWUs) in Indonesia consisting of 83 MWUs in 2013,
79 MWUs in 2014, and 91 MWUs in 2015. It was found that the
average VAICTM value was 2.082 and the range values were
between 1.157 and 4.298. This wide range indicates a gap between
MWUs. Even another result performs that half of the MWUs have
sustainable criteria. Finally, this research recommends MWUs
management to re-evaluate human capital policies due to the low
value of intellectual capital, so that the bigger amount of investment
in human capital would not be wasted.
关键词:Intangible assets;
intellectual capital;
municipal water utilities;
VAICTM;