Intellectual Capital (VAIC)
Proxy: Value Added Intellectual Coefficient
Definition & Description
VAIC was developed by Ante Pulic to measure the value-added efficiency of three main components of intangible assets: Capital Employed (VACA), Human Capital (VAHU), and Structural Capital (STVA).
How to Use (Panel Data)
Highly popular for research in the banking and technology sectors where human capital is the primary asset.
Full Explanation Article
Value Added (VA) is calculated from Operating Profit plus Employee Salaries Expense plus Depreciation/Amortization.
A high VAIC means the company is highly efficient at converting employee intelligence and capital into real profits.
Related Reference Journals
- [1]Pulic, A. (2000). VAIC™ – an accounting tool for IC management.
- [2]Ulum, I., Ghozali, I., & Purwanto, A. (2014). Intellectual Capital Performance of Indonesian Banking Sector.
Research Ideas
The effect of Intellectual Capital (VAIC) on the Profitability and Firm Value of Islamic Banking.
Frequently Asked Questions (FAQ)
What is the difference between this proxy and regular accounting variables?
For detailed information about this proxy, please refer to the article above. NgepetData can automatically extract the required data from your PDF Annual Report.
Where does the data come from to calculate this proxy?
For detailed information about this proxy, please refer to the article above. NgepetData can automatically extract the required data from your PDF Annual Report.
Can this proxy be used for all industry sectors?
For detailed information about this proxy, please refer to the article above. NgepetData can automatically extract the required data from your PDF Annual Report.