An Examination of two grand-theories of IC as barriers to the use of IC concepts

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

This paper is examines the question "What are the barriers to mainstream use of IC concepts?" by discussing and critiquing two contemporary grand-theories about IC being market-to-book ratios as a representation of IC and disclosing IC leads to greater profitability. The paper also explores reasons why the theories hinder the take-up of IC concluding that these theories mislead because they cannot be proven empirically. Therefore, managers should attempt to better understand the possible causal relationships between their people, processes and stakeholders (human, structural and relational capital) which work for them rather than adopting someone else's mousetrap. Thus, in order to improve the use of IC concepts they should be examined as differentiation theories of practice which take into account the agent (people) as a unit of analysis, the actual practice of IC and the resultant changes within an organisation: rather than trying to achieve the impossible generalisations of IC grand-theories.
Original languageEnglish
Title of host publicationProceedings of the 7th International conference on intellectual capital, knowledge management & organisational learning
EditorsEric Tsui
Place of PublicationUnited Kingdom
PublisherAcademic Publishing International
Pages146-153
Number of pages8
ISBN (Print)9781906638856
Publication statusPublished - 2010
EventInternational conference on intellectual capital, knowledge management & organisational learning (7th : 2010) - Hong Kong
Duration: 11 Nov 201012 Nov 2010

Conference

ConferenceInternational conference on intellectual capital, knowledge management & organisational learning (7th : 2010)
CityHong Kong
Period11/11/1012/11/10

Keywords

  • intellectual capital
  • market-to-book ratios
  • grand-theory
  • disclosure
  • causal relationships
  • differentiation theories of practice

Fingerprint Dive into the research topics of 'An Examination of two grand-theories of IC as barriers to the use of IC concepts'. Together they form a unique fingerprint.

  • Cite this

    Dumay, J. (2010). An Examination of two grand-theories of IC as barriers to the use of IC concepts. In E. Tsui (Ed.), Proceedings of the 7th International conference on intellectual capital, knowledge management & organisational learning (pp. 146-153). United Kingdom: Academic Publishing International.