The intellectual capital impact on Polish construction companies during the transformation period

Abstract

Purpose – The different models have been used in recent intellectual capital (IC) studies to understand better the outcome of company intangible asset components. The purpose of this paper is to develop and apply the index of IC of construction companies in relation to the growth of their net profit.Design/methodology/approach – Evaluation of the relationship between an IC index and company net profit employs a scoring method of evaluation of individual components of IC, which include human capital, investment capital, process capital, relations capital and management styles. The correlation method, based on rank correlation index, has been used to calculate the strength and character of the relationships.Findings – A quantitative method of evaluation of qualitative components of IC has been developed as well as a way of finding a relationship between the quality of IC and the growth of net profit earned by a company. The obtained findings support the hypothesis: the higher the value of IC, the greater th...