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Sep 07

Extended VAIC Plus (EVAIC+); a Comprehensive Measurement Model of Intellectual Capital Performance

Extended VAIC Plus (EVAIC+); a Comprehensive Measurement Model of Intellectual Capital Performance

Ihyaul Ulum

Ph.D student of Diponegoro University, Semarang

Lecturer of Accounting Department, University of Muhammadiyah Malang

Abstract

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.

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Abstraksi

Istilah Value Added Intellectual Coefficient (VAIC) yang diperkenalkan oleh Pulic (1999, 2000) sangat populer dalam literatur intellectual capital (IC). VAIC digunakan untuk mengukur kinerja IC. VAIC tidak mengukur IC itu sendiri. Kadang, IC disebut sebagai bussines performance indicator (BPI). Artikel ini menawarkan perluasan dari model VAIC yang didasarkan pada literatur-literatur internasional tentang IC, yang kemudian diberi label Extended VAIC Plus (EVAIC+). Model ini mengkombinasikan rumul value added-nya Riahi-Belkaoui (2003) dan model extended VAIC-nya Nazari and Herremans (2007). EVAIC+ menambahkan komponen ketiga dari IC yang sebelumnya tidak masuk dalam model VAIC, yaitu customer capital efficiency (CCE). Selain itu, EVAIC+ menempatkan structural capital (SC) sebagai komponen tersendiri, bukan sebagai bagian dari human capital (HC) seperti dalam modelnya Pulic.

Keywords: Intellectual capital performance, VAIC, extended VAIC, EVAIC+

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