An innovative model for measuring intellectual capital

Measuring intellectual capital became a main research area in the 1990s. The importance of intellectual capital comes from the fact that traditional accounting systems do not reflect reality for managers or investors in such a way that they understand how their resources - many of which are intangible - create value in the future. Moreover, evaluation tools provided by them are becoming less relevant and less suitable for measuring the value of intellectual capital for companies. The purpose of this paper is to design a measurement model which would provide a good tool for enterprises to manage their intellectual capital and to create competitive advantages. (C) 2014 The Authors. Published by Elsevier Ltd.