Intellectual capital elements and organizational performance of Russian manufacturing companies Tatiana Andreeva Ph.D., Associate Professor, Department of Organizational Behavior and Human Resource Management Graduate School of Management SPbU Tatiana Garanina Ph.D., Associate Professor, Department of Finance and Accounting Graduate School of Management SPbU

Tatiana Garanina Ph.D., Associate Professor Department of Finance and Accounting Research interests: Intellectual Capital Evaluation Financial Analysis IFRS Value-based Management Tatiana Andreeva Ph.D., Associate Professor Department of Organizational Behavior and Human Resource Management Research interests: Knowledge management Cross-cultural issues in management Human resource management #1 business School in Eastern Europe since 2012 according to EDUNIVERSAL

Intellectual capital (IC) and its elements are the key elements of organizational performance in the knowledge-based economy Research Topicality [Source: Ned Davis Research, Inc.]

Research Questions What is the relationship between IC and organizational performance of Russian companies? What are the elements of IC that are the most important in Russian companies?

IC structure Human capitalRelational capital Organization’s ability to benefit from knowledge, skills and experience of employees who immanently own them. Organization’s ability to benefit from resources related to its external relations (customers, suppliers, other counteragents Organizational (structural) capital Organization’s ability to benefit from knowledge kept within.

Research Model & Hypotheses Human Capital Relational Capital Structural Capital Organizational performance H1 + H2 + H3 +

Survey (validated in international setting) Top-managers as respondents Questions: Five-point Likert scale (1- strongly disagree, 5-strongly agree) Help of external provider Research Method

January – March 2015 Random sample of Russian manufacturing companies: Min 100 employees 24 regions 11 sectors of manufacturing 39% response rate = 240 companies respondents = CEO, deputy CEO, Head of HR, other managerial positions Sample

Findings Human Capital Relational Capital Structural Capital Organizational performance 0,249*** 0,16 n.s. 0,313** 25,6%

Limitations No time-lag in performance data One method of IC elements evaluation. Other methods of measuring IC elements can be used (for ex., financial proxies) Data from one sector (manufacturing companies)

Thank you! Tatiana Andreeva Tatiana Garanina

Sample details (Industries) # Manufacturing of: Number of companies% of sample 1Machines and equipment (including electric machines and equipment) 4217,5 2Vehicles (transport) 2811,7 3Food 2510,4 4Consumer goods 239,6 5Rubber and plastic goods 197,9 6Wood processing, wood products, paper, paperboard and articles thereof 187,5 7Chemicals (pharmaceuticals excluded) 177,1 8Publishing and printing 145,8 9Metallurgy 135,4 10TV, radio and telecommunication equipment 93,8 11Metal goods 83,3 12Furniture 72,9 13Coke (carbon), oil products and nuclear fuel 52,1 14Medical and optical equipment, watches 52,1 15Recycling of secondary raw materials 41,7 16Pharmaceutical products 2,8 17Computers and office equipment 1,4