Extended VAIC Plus (EVAIC+); a Comprehensive Measurement Model of Intellectual Capital Performance
Ph.D student of Diponegoro University, Semarang
Lecturer of Accounting Department, University of Muhammadiyah Malang
In the intellectual capital (IC) literature, the term of Value Added Intellectual Coefficient (VAIC) proposed by Pulic (1999, 2000) is very popular. VAIC is used to measure the performance of IC. VAIC not measure IC it self. Sometimes, IC is called as bussines performance indicator (BPI). This paper sets out to extend the VAIC model based on the international literature on IC, which then call as Extended VAIC Plus (EVAIC+). This model combine the value added formulation of Riahi-Belkaoui (2003) and extended VAIC model of Nazari and Herremans (2007). EVAIC+ add the third componen of IC which is not include in the VAIC model, ie. customer capital efficiency (CCE). Otherwise, EVAIC+ placed structural capital (SC) as an independent component, not a part of human capital (HC) as in the Pulic’s model.
Keywords: Intellectual capital performance, VAIC, extended VAIC, EVAIC+
Citation: Ulum, 2014. “Extended VAIC Plus (EVAIC+); a Comprehensive Measurement Model of Intellectual Capital Performance”. Proceeding 1st International Conference on Future Business and Innovations, 17 July 2014. University of Muhammadiyah, Malang.