Practical application of selected methods of intellectual capital valuation : a research study

Purpose: Reports on non-financial data include elements identified in the structure of intellectual capital, whose proper valuation is a challenge for business. The purpose of this study is to show the legal framework of the analysis, reporting and valuation of intangible assets and practical applications of selected methods of intellectual capital valuation on the example of the brewing industry. Design/Methodology/Approach: The methods selected for the purposes of this case study are the market value to book value ratio, the calculated intangible value index, the Tobin’s q ratio and the value-added intellectual coefficient. Calculations were made based on data from reports of a selected joint-stock company from the brewing industry. Findings: The carried out intellectual capital valuation has confirmed that applying only one valuation method does not give a fair view of intangible assets, and the lack of considering context in the valuation makes the obtained data lose its decision-making value. Practical Implications: A new approach to the process of intellectual capital valuation, based on long-term integration of selected valuation methods as well as on consideration the context of the analyzed numbers, has been proposed. Originality/Value: The results are original because they can be used to develop future intellectual capital valuation scenarios. They constitute a kind of "guide" for intellectual capital managers.peer-reviewe