1. 1 Visiting Research Scholarship University of Vigo, Spain Mariia Molodchik Elena Shakina

2. Main results 2 Carlos Jardon Miguel Loureiro Network development 2 Working papers, 3 Outlines Workshop “Economic crisis”, “SEM Application” Academic development European Commission Croatia Fundraising

3. Research questions-1 3 How did the crisis influence European companies? How did knowledge –intensive companies pass through the crisis? (Find the characteristics of knowledge-intensive companies). How did innovative companies pass through the crisis? (Find the characteristics of innovative companies). What investment behavior was more successful during the crisis? (Find the indicators measuring the changing of IC investments) Why the companies have failed? (Find the profile of bankrupt companies)

4. 4 Research questions - 2 In quest of IC Model Which are the elements that constitute IC? (SEM) Are there any differences for SME and large enterprises? Have R&D companies special IC Model? What kind of information should the company disclosure in order to be more attractive? How much each country/industry matter for contribution of intangibles to value creation? (HLM) What does really happen in companies by IC management? (Surveys and case studies Intellectual Capital and Production function.

5. Paper 1. Measurements of intangibles: discovering six elements of IC 5 Research questions: “Which are the elements that constitute IC?” “How do we measure these elements?” Methodology: Literature review SEM

6. Research Framework: six IC elements 6 Intangibles/ Intellectual Capital Human Capital Management capabilities Human resources capabilities Structural Capital Innovative Capabilities Internal Process Capabilities Relational Capital Networking capabilities Customer loyalty and reputation

7. HUMAN CAPITAL 7 Owners-directors ratio Qualification of top management Strategy implementation Costs per employee Management Capabilities Knowledge management Productivity Number of employees Corporate UNI Human resources capabilities

8. STRUCTURAL CAPITAL 8 Company’s experience Qualification of top management ERP system Knowledge Management Internal Process Capabilities Awards for innovation performance Intangible assets Number of patents Strategy implementation Innovative capabilities

9. RELATIONAL CAPITAL 9 фирма Advertising expenditures Brand Awards for innovation performance Citation in search engines Customer Loyalty and reputation Financial leverage Foreign capital Subsidiaries Business Associations Networking capabilities

10. Contribution: 10 IC theory The items and correspondent indicators of six elements of IC were validated. IC practice The statistical analysis finds out the contribution of each indicator to its correspondent element.