FEATURE
PAPER
Intellectual
Capital Reporting: A Human Capital Focus
The
following paper was presented at the 2007 Allied Academies
International Conference - Jacksonville. It was written
by Suresh Cuganesan,
Nigel Finch,
Tyrone Carlin of Macquarie Graduate School of Management.
Abstract
Within
the field of intellectual capital), human capital has received
significant emphasis. This paper
examines the reporting of human capital performance in the
Australian banking sector, a context where
human capital is important to competitive advantage. Utilising
Sveiby's (1997) Intangible Assets
Monitor, a content analysis is performed of annual and special
purpose reports. The paper finds
significant diversity in levels and focus of human capital
reporting and significant reporting that
exhibited corporate social responsibility-stakeholder concerns.
These findings have implications for
policy and research in terms of extended performance reporting.
Introduction
In
the transition to the information age, the intellectual capital
(IC) of organisations, such as
competencies, processes and people have become the central
sources of current and future wealth
(Kaplan & Norton 1996; Petty & Guthrie 2000). Concurrently,
businesses are beginning to embrace
formalised approaches to manage and report IC, with the ascribed
benefits of doing so including
business growth, improved financial performance, more effective
strategic planning and enhanced
productivity (Department of Industry, Science, & Resources,
2001).
Within
the IC discipline, human capital has often been singled out
as being of prime
importance in organisational value creation (Fitz-enz, 2000;
Bontis and Fitz-enz, 2002) and a
significant influence as a source of innovation (Sveiby,
1997). In light of this, this paper examines how
key performance indicator (KPI) reporting discloses the performance
of organisations in managing
their human capital (as one component of IC). The reason
for focusing on KPI reporting specifically
is that these quantitative indicators of performance are
often considered to be a form of high quality
disclosure (Patten, 1995; van der Laan Smith, 2005). The
research site is the Australian banking
industry, a sector that is both one of the fastest growing
segments of the Australian economy
(Australian Bureau of Statistics, 2005) and one where human
capital is important.
Read
the Entire Paper...
.
TIP
OF THE WEEK
Bankers
There is a saying that all bankers are alike
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To narrow the search for a banker, entrepreneurs should prepare a list
of criteria that define the banking needs of the new venture. They should
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that works well with the type of venture they plan to launch. Another approach
is to ask an accountant or attorney to suggest the best bank for the new
venture.
When choosing a banker, seek out an officer with a rank of assistant vice
president or higher, because these officers are trained to work with new
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In particular, it is important to ensure that the lending officer can approve
loans and lines of credit in the amounts needed. Today many of the largest
banks have moved their lending facilities to a central location, so it
is difficult to establish a relationship with the person who has responsibility
for approving a request. That's why many entrepreneurs seek out community
banks that have vested interest in supporting local businesses.
Kathleen
R. Allen. Launching New Venture - An Entrepreneurial
Approach, 4th Edition.
2006. Houghton Mifflin Company. pg.145-146.
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CONFERENCES
ASBE
|
| Who: |
Association for
Small Business and Entrepreneurship
|
| What: |
2007
Conference
|
| Where: |
Austin,
Texas, USA |
| When: |
October
10-12,
2007 |
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FU
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Fordham
University
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The
Fordham University Pricing Conference
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Fordham University, New York, New
York, USA |
| When: |
September 28-29, 2007 |
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MMA
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Marketing
Management Association
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MMA
Fall Educators Conference
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St.
Louis, Missouri, USA |
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September
26-28, 2007 |
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FFI
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Family
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Annual
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Fairmont
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October
17-20, 2007 |
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Annual
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November 7-10, 2007 |
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CALLS FOR PAPERS
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Annual Business and Leadership
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Hays,
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September 26-27, 2007 |
Submission
Deadline:
September 17, 2007
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JAABC
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Journal
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N/A
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Cambridge |
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N/A |
Submission
Deadline:
September 5, 2007
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USASBE
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| Who: |
United
States Association for Small Business and Entrepreneurship
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| What: |
USASBE
2008 Annual Conference
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| Where: |
The
Westin La Cantera Resort - San Antonio, Texas |
| When: |
January
10-13, 2008 |
Submission
Deadline:
August 15, 2007
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SBI
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| Who: |
Small
Business Institute
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| What: |
2008 SBI Conference
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| Where: |
Handlery
Hotel – San Diego, CA |
| When: |
Feb.
14-16, 2008 |
Submission
Deadline:
October 1, 2007
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