Intellectual Capital in the Listed Companies of the Baltic States

Abstract

The theory of intellectual capital is vast and there are various angles and approaches to investigate it. Nowadays scientific publications about the intellectual capital have flooded academic journals, so this stage of the development of intellectual capital can be called “The intellectual capital era”. Nevertheless, there are so many opinions about it that it becomes difficult to investigate intellectual capital in a consistent and thorough way. The main issue arises in the evaluation of intellectual capital. This article is designed in order to provide a unified intellectual capital description, its structure and the methodology of intellectual capital evaluation. The main approach of this scientific research is regarding the listed companies of the Baltic States. The aggregated intellectual capital index is calculated for the listed companies of the Baltic States and the main tendency of its influence on market value. In addition to this, main factors that have an impact on the market value of the listed companies of the Baltic States are revealed.