Litvinov Oleksandr, PhD (Economics), Associate Professor, Associate Professor of the Department of Enterprises Economic and Organization of Entrepreneurial Activity, Odessa National Economic University, Odessa, Ukraine

ORCID ID: 0000-0002-1424-6904
e-mail: litvinov_a213@ukr.net

The concept of intellectual capital

Abstract. Introduction. In this article author reviewed historical evolution of understanding of intangible components of an enterprise as well as formation and development of intellectual capital concept.

Purpose. There was analyzed the connection between the concept of intellectual capital and traditional categories that are used for definition of intangibles: intangible assets, intangible recourse, intellectual property, and it were shown its common and distinctive features. The definition of intellectual capital should give a possibility for its consideration in dynamics by changing its forms in the process of restoration and should be disclosed not as a combination of components of resources and as the procedure for its calculation but as a totality of economic relations.

Results. Intellectual property – is the legal category that characterizes the possibility of separation of the results of intellectual labor. It means that only some objects of intellectual capital, that have a legal protection in accordance with current legislation can be attributed to intellectual property. At that, normative base defines as assets objects that can be identified and legally protected. The term of intangible recourse has a great identity with the term of intellectual capital, as it includes identified and not identified intangible objects. There was reviewed epistemology of intellectual capital. In the neoclassical economical theory capital is the combination of relationships, that lets author view it through the prism of its restoration process in dynamics of changes in its real forms. Intellect represents the ability to think, a set of mental functions, which are capable of transforming perception into knowledge.

Conclusions. The author decomposed existing definitions, its groupings and the morphological analysis allowed providing the definition to intellectual capital, as a totality of socio-economic relations, which are connected with formation, use and reproduction of knowledge.

Keywords: intellectual capital; intangible assets; intangible recourse; intellectual property; knowledge; reproduction; capital; intellect.

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Received: 03 September 2018

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