Интеллектуальный капитал совета директоров: динамический подход к определению и структуре

Авторы

  • Ирина Владимировна Березинец Институт «Высшая школа менеджмента» Санкт-Петербургского государственного университета, Россия https://orcid.org/0000-0001-6157-0283
  • Татьяна Александровна Гаранина Институт «Высшая школа менеджмента» Санкт-Петербургского государственного университета, Россия https://orcid.org/0000-0002-8349-4506
  • Юлия Борисовна Ильина Институт «Высшая школа менеджмента» Санкт-Петербургского государственного университета, Россия https://orcid.org/0000-0002-4187-8990

DOI:

https://doi.org/10.21638/11701/spbu18.2017.305

Аннотация

Ценность современной компании все в большей степени генерируется ее интеллектуальным капиталом. В статье проанализированы существующие подходы к определению интеллектуального капитала компании и его элементов. Представлена и обоснована точка зрения о том, что интеллектуальный капитал компании может генерироваться как внутренними, так и внешними стейкхолдерами. Признавая важность всех связанных сторон в создании интеллектуального капитала компании, авторы фокусируются на совете директоров как важнейшем механизме корпоративного управления. В статье предложены определения как интеллектуального капитала совета директоров компании, так и двух его элементов — человеческого капитала и социального капитала, которые базируются на динамическом подходе. На основе обзора эмпирических исследований выявляется роль различных элементов интеллектуального капитала совета директоров в их взаимосвязи с показателями результатов деятельности компании.

Ключевые слова:

совет директоров, интеллектуальный капитал совета директоров, человеческий капитал совета директоров, социальный (отношенческий) капитал совета директоров

Скачивания

Данные скачивания пока недоступны.
 

Библиографические ссылки

ЛИТЕРАТУРА НА РУССКОМ ЯЗЫКЕ

АНД. 2014. Исследование «Коллективный портрет независимого директора». Ассоциация независимых директоров. [Электронный ресурс]. http://www.nand.ru/upload/medialibrary/portret-nezavisimogo-directora-2014.pdf (дата обращения: 28.03.2017).

Андреева Т. Е., Чайка В. А. 2006. Динамические способности фирмы: что необходимо, чтобы они были динамическими? Научные доклады № 2(R)–2006. СПб.: НИИ менеджмента СПбГУ.

Баширова А. Г. 2010. Интеллектуальный капитал как конкурентное преимущество. Вестник Казанского государственного аграрного университета (1): 10–14.

Березинец И. В., Ильина Ю. Б. 2016. Занятость советов директоров и финансовая результативность деятельности компаний. Вестник С.-Петербургского ун-та. Серия Менеджмент (1): 3–30.

Волков Д. Л., Гаранина Т. А. 2007. Нематериальные активы: проблемы состава и оценивания. Вестник С.-Петербургского ун-та. Серия Менеджмент (1): 82–105.

Катькало В. С. 2006. Эволюция теории стратегического управления. СПб.: Издат. дом С.-Петерб. гос. ун-та.

Кодекс Корпоративного Управления. 2014. Вестник Банка России 40 (1518, 18 апреля).

Козырев А. Н. 2006. Экономика интеллектуального капитала. Научные доклады № 7(R)–2006. СПб.: НИИ менеджмента СПбГУ.

Кондратьев В. Б. 2011. Корпоративное управление после кризиса. Российское предпринимательство (1–2): 70–75.

Мильнер Б. З. 2003. Управление знаниями. М.: ИНФРА-М.

Нонака И., Такеучи Х. 2011. Компания – создатель знания. Пер. с англ. М.: Олимп-Бизнес.

Осокина И. В. 2007. Производство новых знаний (к постановке проблемы). Вестник МГУС (2): 69–71.

Руус Й., Пайк С., Фернстрем Л. 2010. Интеллектуальный капитал. Практика управления. Пер. с англ. СПб.: Изд-во «Высшая школа менеджмента СПбГУ».

Тис Д. Дж. 2004. Получение экономической выгоды от знаний как активов: «новая экономика», рынки ноу-хау и нематериальные активы. Пер. с англ. Российский журнал менеджмента 2 (1): 95–120.

Тис Д. Дж., Пизано Г., Шуен Э. 2003. Динами­ческие способности фирм и стратегическое уп­равление. Пер. с англ. Вестник С.-Петербургского ун-та. Серия Менеджмент (4): 133–171.

PricewaterhouseCoopers. 2015. Сквозь призму кризиса: роль совета директоров в российских компаниях. [Электронный ресурс]. https://www.pwc.ru/ru/services/corporate-governance/publications/board-survey-2015.html/ (дата обращения: 02.05.2016).


REFERENCES IN LATIN ALPHABET

Adams R. B., Ferreira D. 2009. Women in the boardroom and their impact on governance and performance. Journal of Financial Economics 94 (2): 291–309.

Al-Musali M. A., Ismail K. N. 2015. Board diversity and intellectual capital performance. Accounting Research Journal 28 (3): 268–283.

An S. T., Jin H. S. 2004. Interlocking of newspaper companies with financial institutions and leading advertisers. Journalism and Mass Communication Quarterly 81 (3): 578–600.

Barroso-Castro C., Villegas-Periñan M. del M., Casillas-Bueno J. C. 2016. How boards’ internal and external social capital interact to affect firm performance. Strategic Organization 14 (1): 6–31.

Barroso-Castro C., Villegas-Periñan M. del M., Dominquez M. 2017. Board members contribution to strategy: The mediating role of board internal processes. European Research on Management and Business Economics 23: 82–89.

Berezinets I., Garanina T., Ilina Y. 2016. Intellectual capital of a board of directors and its elements: Introduction to the concepts. Journal of Intellectual Capital 17 (4): 1–22.

Boedker C., Mouritsen J., Guthrie J. 2008. Enhanced business reporting: International trends and possible policy directions. Journal of Human Resource Costing and Accounting 12 (1): 14–25.

Boeker W., Wiltbank R. 2005. New venture evolution and managerial capabilities. Organization Science 16 (2): 123–133.

Bontis N. 1999. Managing organizational knowledge by diagnosing intellectual capital: Framing and advancing the state of the field. International of Journal of Technology Management 18 (5): 433–463.

Brooking A. 1996. Intellectual Capital: Core Asset for the Third Millennium Enterprise. Thompson International Press: London.

Bukhvalov A., Bukhvalova B. 2011. The principal role of the board of directors: The duty to say “no”. Corporate Governance: the International Journal of Business in Society 11 (5) 629–640.

Carpenter M. A., Westphal J. D. 2001. The strategic context of external network ties: Examining the impact of director appointments on board involvement in strategic decision making. Academy of Management Journal 4 (4): 639–660.

Carpenter M. A., Pollock T. G., Leary M. M. 2003. Testing a model of reasoned risk-taking: Governance, the experience of principals and agents, and global strategy in high-technology IPO firms. Strategic Management Journal 24 (9): 803–820.

Certo S. T. 2003. Influencing initial public offering investors with prestige: Signaling with board structures. Academy of Management Review 28 (3): 432–446.

Crispeels T., Willems J., Brugman P. 2015. The relationship between organizational characteristics and membership of a biotechnology industry board-of-directors-network. Journal of Business & Industrial Marketing 30 (3–4): 312–323.

Dalziel T., Gentry R. J., Bowerman M. 2011. An integrated agency-resource dependence view of the influence of directors’ human and relational capital on firms’ R&D spending. Journal of Management Studies 48 (6): 1217–1242.

Devos E., Prevost A., Puthenpurackal J. 2009. Are interlocked directors effective monitors? Financial Management 38 (4): 861–887.

Dumay J. 2014. 15 years of the journal of intellectual capital and counting: A manifesto for transformational IC research. Journal of Intellectual Capital 15 (1): 2–37.

Dumay J., Garanina T. 2013. Intellectual capital research: A critical examination of the third stage. Journal of Intellectual Capital 14 (1): 10–25.

Edvinsson L. 1997. Developing intellectual capital at Skandia. Long Range Planning 30 (3): 366–373.

Edvinsson L., Malone M. S. 1997. Intellectual Capital: Realizing Your Company’s True Value by Finding Its Hidden Brainpower. Harper Business: N. Y.

Edvinsson L., Sullivan P. 1996. Developing a model for managing intellectual capital. European Management Journal 14 (4): 356–364.

Eisenhardt K. M. 1989. Agency theory: An assessment and review. Academy of Management Review 14 (1): 57–74.

Fahlenbrach R., Low A., Stulz R. M. 2010. Why do firms appoint CEOs as outside directors? Journal of Financial Economics 97 (1): 12–32.

Fama E., Jensen M. 1983. Agency problems and residual claims. Journal of Law and Economics 26 (2): 327–349.

Fich E. M., Shivdasani A. 2006. A busy boards effective monitors? Journal of Finance 61 (2): 689–724.

Fich E. M., Shivdasani A. 2007. Financial fraud, director reputation, and shareholder wealth. Journal of Financial Economics 86 (2): 306–336.

Fich E. M., White L. J. 2005. Why do CEOs reciprocally sit on each other’s boards? Journal of Corporate Finance 11 (1–2): 175–195.

Geletkanycz M. A., Boyd B. K. 2011. CEO outside directorships and firm performance: A reconciliation of agency and embeddedness views. Academy of Management Journal 54 (2): 335–352.

Golden B. R., Zajac E. J. 2001. When will boards influence strategy? Inclination × power = strategic change. Strategic Management Journal 22 (12): 1087–1111.

Guthrie J. 2001. The management, measurement and the reporting of intellectual capital. Journal of Intellectual Capital 2 (1): 27–41.

Guthrie J., Petty R., Ricceri F. 2007. Intellectual Capital Reporting: Investigations into Australia and Hong Kong. Research monograph. The Institute of Chartered Accountants of Scotland (ICAS): Edinburgh.

Guthrie J., Ricceri F., Dumay J. 2012. Reflections and projections: A decade of intellectual capital accounting research. British Accounting Review 44 (2): 68–82.

Hendry K., Kiel G. C. 2004. The role of the board in firm strategy: Integrating agency and organizational control perspectives. Corporate Governance: An International Review 12 (4): 500–520.

Hillman A. J. 2005. Politicians on the board of directors: Do connections affect the bottom line? Journal of Management 31 (3): 464–481.

Hillman A. J., Dalziel T. 2003. Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review 28 (3): 383–396.

Hillman A. J., Nicholson G., Shropshire C. 2008. Directors’ multiple identities, identification, and board monitoring and resource provision. Organization Science 19 (3): 441–456.

Hillman A. J., Shropshire C., Certo S. T., Dalton D. R., Dalton C. M. 2011. What I like about you: A multilevel study of shareholder discontent with director monitoring. Organization Science 22 (3): 675–687.

Hodigere R., Bilimoria D. 2015. Human capital and professional network effects on women’s odds of corporate board directorships. Gender in Management: An International Journal 30 (7): 523–550.

Howard R. 1993. The Learning imperative: Managing People For Continuous Innovation. Harvard Business School Press: Boston, MA.

Hsu H.-H., Wu C. H.-Y. 2014. Board composition, grey directors and corporate failure in the UK. British Accounting Review 46 (3): 215–227.

Hunton J. E., Rose J. M. 2008. Can directors’ self-interests influence accounting choices? Accounting Organizations and Society 33 (7–8): 783–800.

IFAC. 1998. Measurement and Management of Intellectual Capital.

Jeremias J., Gani L. 2014. The impact of board capital and board characteristics on firm performance. The British Accounting Review 46 (2): 135–153.

Kemp Sh. 2010. Driving strategy or just going through the motions: An empirical study of boardrooms in the UK. International Journal of Business Administration 1 (1): 2–18.

Kim Y., Cannella Jr. A. A. 2008. Social capital among corporate upper echelons and its impacts on executive promotion in Korea. Journal of World Business 43 (1): 85–96.

Klein D. A., Prusak L. 1994. Characterising Intellectual Capital. Centre for Business Innovation, Ernst and Young: Cambridge, MA.

Kor Y. Y., Sundaramurthy C. 2009. Experience-based human capital and social capital of outside directors. Journal of Management 35 (4): 981–1006.

Kroll M., Walters B. A., Wright P. 2008. Board vigilance, director experience, and corporate outcomes. Strategic Management Journal 29 (4): 363–382.

Larcker D. F., So E. C., Wang C. C. Y. 2013. Boardroom centrality and firm performance. Journal of Accounting and Economics 55 (2–3): 225–250.

Lester R. H., Hillman A., Zardkoohi A., Cannella Jr. A. A. 2008. Former government officials as outside directors: The role of human and social capital. Academy of Management Journal 51 (5): 999–1013.

Lev B. 2001. Intangibles: Management, Measurement, and Reporting. Brookings Institution Press: Washington, DC.

Lev B., Gu F. 2001. Intangible Assets: Measurement, Drivers, Usefulness. New York University: N. Y.

Lipton M., Lorsch J. W. 1992. A modest proposal for improved corporate governance. Business Lawer 48 (1): 59–77.

Lönnqvist A., Mettänen P. 2005. Criteria of sound intellectual capital measures. In: Kambhammettu S. S. (ed.). Business Performance Measurement, Intellectual Capital: Valuation Models. Le Magnus University Press, Hyderabad; 97–120.

Massingham P., Nguyen T. N. Q., Massingham R. 2011. Using 360 degree peer review to validate self-reporting in human capital measurement. Journal of Intellectual Capital 12 (1): 43–74.

Mouritsen J. 2003. Intellectual capital and the capital market: The circulability of intellectual capital. Accounting, Auditing and Accountability Journal 16 (1): 18–30.

Muravyev A., Berezinets I., Ilina Y. 2014. The structure of corporate boards and private benefits of control: Evidence from the Russian stock exchange. International Review of Financial Analysis 34: 247–261.

Petty R., Guthrie J. 2000. Intellectual capital literature review: Measurement, reporting and management. Journal of Intellectual Capital 1 (2): 155–176.

Pfeffer J., Salancik G. R. 1978. The External Control of Organizations: A Resource Dependence Perspective. Harper & Row: N. Y.

Pike S., Roos G. 2007. Recent Advances In the Measurement of Intellectual Capital: A Critical Survey. The 8th European Conference on Knowledge Management: Volume Two. Barcelona, September, 6–7; 781–787.

Powell W. W., Snellman K. 2004. The knowledge economy. Annual Review of Sociology 30: 199–220.

PricewaterhouseCoopers. 2012. Russian Boards: Selection, Nomination and Election Survey. Report prepared for the OECD Russia Corporate Governance Roundtable: October, 25–26, Moscow. [Electronic resource]. http://www.pwc.ru/en_RU/ru/boardsurvey/assets/e-nomination_survey_eng.pdf (accessed: 02.05.2016).

Renneboog L., Zhao Y. 2011. US knows us in the UK: On director networks and managerial compensation. Journal of Corporate Finance 17 (4): 1132–1157.

Renneboog L., Zhao Y. 2014. Director networks and takeovers. Journal of Corporate Finance 28 (C): 218–234.

Roberts J., McNulty T., Stiles P. 2005. Beyond agency conceptions of the work of the non-executive director: Creating accountability in the boardroom. British Journal of Management 16 (1): 5–26.

Roos G., Pike S., Fernström L. 2005. Managing Intellectual Capital In Practice. Elsevier Publications: Burlington, MA.

Roos J., Roos G., Dragonetti N. C., Edvinsson L. 1998. Intellectual Capital: Navigating In the New Business Landscape. New York University Press: N. Y.

Roslender R., Stevenson J. 2009. Accounting for people: A real step forward or more a case of wishing and hoping? Critical Perspectives on Accounting 20 (7): 855–869.

Seierstad C., Opsahl T. 2011. For the few not the many? The effects of affirmative action on presence, prominence, and social capital of women directors in Norway. Scandinavian Journal of Management 27 (1): 44–54.

Stewart T. A. 1994. Your company’s most valuable asset: Intellectual capital. Fortune (October, 3): 28–33.

Stewart T. A. 1997. Brain power. Fortune 135 (5): 104–110.

Stuart T. E., Yim S. 2010. Board interlocks and the propensity to be targeted in private equity transactions. Journal of Financial Economics 97 (1): 174–189.

Sveiby K. E. 1997. The New Organizational Wealth: Managing and Measuring Knowledge-Based Assets. Barrett-Kohler Publishers: San Francisco.

Sveiby K. E. 2001. Methods For Measuring Intangible Assets. [Electronic resource]. http://www.sveiby.com/portals/0/articles/IntangibleMethods.htm

Teece D. J. 1981. The market for know-how and the efficient international transfer of technology. Annual of the American Association of Political and Social Science 458: 81–96.

Teece D. J. 1996. Firm organization, industrial structure and technological innovation. Journal of Economic Behavior and Organization 31 (2): 193–224.

Tian J., Haleblian J., Rajagopalan N. 2011. The effects of board human and social capital on investor reactions to new CEO selection. Strategic Management Journal 32 (7): 731–747.

Toumi N., Benkraiem R., Hamrouni A. 2016. Board director disciplinary and cognitive influence on corporate value creation. Corporate Governance: The International Journal of Business in Society 16 (3): 564–578.

Williams S. M. 2001. Are intellectual capital performance and disclosure practice related? Journal of Intellectual Capital 2 (3): 192–203.

Wincent J., Anokhin S., Örtqvist D. 2010. Does network board capital matter? A study of innovative performance in strategic SME networks. Journal of Business Research 63 (3): 265–275.

Winter S. 2003. Understanding dynamic capabilities. Strategic Management Journal 24 (10): 991–995.

Withers M. C., Hillman A. J., Cannella Jr. A. A. 2012. A multidisciplinary review of the director selection literature. Journal of Management 38 (1): 243–277.

Zollo M., Winter S. 2002. Deliberate learning and the evolution of dynamic capabilities. Organization Science 13 (3): 339–351.


Translation of references in Russian into English

AND. 2014. “Collective Portrait of an Independent Director”. Association of Independent Directors. [Electronic resource]. http://www.nand.ru/upload/medialibrary/portret-nezavisimogo-directora-2014.pdf (accessed: 28.03.2017). (In Russian)

Andreeva T. E., Chaika V. A. 2006. Dynamic Capabilities: What They Need to be Dynamic. Discussion Paper № 2(R)–2006. Research Institute of Management, St. Petersburg State University. (In Russian)

Bashirova A. G. 2010. Intellectual capital as a competitive advantage. Vestnik of Kazan State Agrarian University [Vestnik Kazanskogo gosudarstvennogo agrarnogo universiteta] (1): 10–14. (In Russian)

Berezinets I. V., Ilina Yu. B. 2016. Employment of boards of directors and financial performance of companies. Vestnik of St. Petersburg University. Management [Vestnik Sankt-Peterburgskogo Universiteta. Seriya “Menedzhment”] (1): 3–30. (In Russian)

Volkov D. L., Garanina T. A. 2007. Intangible assets: Problems of composition and estimation. Vestnik of St. Petersburg University. Management [Vestnik Sankt-Peterburgskogo Universiteta. Seriya “Menedzhment”] (1): 82–105. (In Russian)

Katkalo V. S. 2006. Evolution of Strategic Management Theory. St. Petersburg: Publishing House of S.-Petersburg State University. (In Russian)

Code of Corporate Governance. 2014. Bank of Russia Bulletin [Vestnik Banka Rossii] 40 (1518, April 18). (In Russian)

Kozyrev A. N. 2006. Economics of Intellectual Capital. Discussion Paper № 7(R)–2006. Research Institute of Management, St. Petersburg State University. (In Russian)

Kondratiev V. B. 2011. Corporate governance after the crisis. Russian Journal of Entrepreneurship [Rossiiskoe Predprinimatelstvo] (1–2): 70–75. (In Russian)

Milner B. Z. 2003. Knowledge Management. M.: INFRA-M. (In Russian)

Nonaka I., Takeuchi H. 2011. The Khowledge-creating Company. Russian translation. М.: Olimp-Biznes.

Osokina I. V. 2007. The production of new knowledge (to the formulation of the problem). Bulletin of MGUS [Vestnik MGUS] (2): 69–71. (In Russian)

Roos G., Pike S., Fernström L. 2010. Managing Intellectual Capital In Practice. Russian translation. St. Petersburg: Graduate School of Management SPbU Publishing House.

Teece D. J. 2004. Capturing value from know­ledge assets: The “new economy”, markets for know-how, and intangible assets. Russian translation. Russian Management Journal [Rossiiskii Zhurnal Menedzhmenta] 2 (1): 95–120.

Teece D. J., Pisano G., Shuen E. 2003. Dynamic capabilities and strategic management. Russian translation. Vestnik of St. Petersburg University. Management [Vestnik Sankt-Peterburgskogo Universiteta. Seriya “Menedzhment”] (4): 133–171.

PricewaterhouseCoopers. 2015. Through the Prism of Crisis: The Role of the Board of Directors in Russian Companies. [Electronic resource]. https://www.pwc.ru/ru/services/corporate-governance/publications/board-survey-2015.html/ (accessed: 02.05.2016). (In Russian)

Загрузки

Опубликован

29.09.2017

Как цитировать

Березинец, И. В., Гаранина, Т. А., & Ильина, Ю. Б. (2017). Интеллектуальный капитал совета директоров: динамический подход к определению и структуре. Российский журнал менеджмента, 15(3), 357–382. https://doi.org/10.21638/11701/spbu18.2017.305

Выпуск

Раздел

Обзоры

Наиболее читаемые статьи этого автора (авторов)