| Abstract [eng] |
The results of recent researches have shown that intellectual capital became a main factor in creating and increasing company's value to shareholders. Rahimi, Jan and Baghbanian (2017) noted that due to the willingness of companies, shareholders (investors) and other stakeholders to assess and consider the real value of intangible assets, intellectual capital has grown more than ever. Urbanek (2016) accented the actual problem of intellectual capital evaluation. It is complicated to identify the value of intellectual capital, because it is related to intangible asset, which is motsly not recognized by accounting rules and therefore not recorded in the financial statements. Emphasizing the importance of intellectual capital management, measurement and disclosure, it is necessary to evaluate the factor of companys intellectual capital by forming its portfolio. However, the portfolio forming methods offered by researchers only evaluate the risk and return components which are not sufficient to generate higher returns. Considering the accented problems and analyzed gaps in other researchers works, the scientific problem of this work focuses on "how to integrate the evaluation of intellectual capital by forming portfolio of investment in company stocks". |
