Journal article
Applying the VAIC Model to Australian Hotels
Journal of Intellectual Capital, Vol.11(3), pp.269-283
2010
Abstract
Purpose - This paper aims to examine the extent to which intellectual capital (IC) adds value to a service provider and presents an approach for interpreting the results. Design/methodology/approach - The value added intellectual coefficient (VAICe) model is used to determine the relevant elements of intellectual capital because it employs existing financial data. The number of subjects was restricted to two companies operating in the Australian hotel industry over a four-year period (2004-2007). Findings - The VAICe model provides a robust tool for assessing the efficient use of intellectual capital. The model can be used by management to assess their own organisation's performance without having to rely upon industry standards. Research limitations/implications - The data derived from published financial statements and the limitations associated with accounting standards may be questionable. However, the financial statements were subject to external audit verification. The restricted number of companies is a limitation to generalisability. However, the two companies are the major players in the Australian hotel industry. Practical implications - The application of the VAICe model presented in this paper provides a basis for practical application for management. Originality/value - The study provides management with a guide to employing the VAICe model and, more importantly, a method for interpreting the results.
Details
- Title
- Applying the VAIC Model to Australian Hotels
- Authors
- Gregory Laing (Author) - University of the Sunshine Coast - Faculty of BusinessJillian Dunn (Author) - University of the Sunshine Coast - Faculty of BusinessSusan Hughes-Lucas (Author) - University of the Sunshine Coast - Faculty of Business
- Publication details
- Journal of Intellectual Capital, Vol.11(3), pp.269-283
- Publisher
- Emerald Group Publishing Ltd.
- Date published
- 2010
- DOI
- 10.1108/14691931011064545
- ISSN
- 1469-1930
- Organisation Unit
- University of the Sunshine Coast, Queensland
- Language
- English
- Record Identifier
- 99449414802621
- Output Type
- Journal article
Metrics
5 File views/ downloads
684 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Web Of Science research areas
- Business
- Management
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites