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The intangible capital categories of a company are considered to be its major strategic resources. While immaterial assets, such as research and development capital, brands, trademarks, information capital, and common human capital are explored in detail in corporate finance literature, little work was done on managerial human capital.The present thesis focuses on the question how to measure the contribution of this capital category to a firm's market value. The topic is of particular importance to practitioners and researchers, as both share the opinion that the success of a firm crucially depends on the performance of its managerial human capital. /"Among the various intangible assets of a company, managerial human capital is one of the most important ones. The efficient employment of this capital category is unthinkable without a reliable measure of its impact on a firm's value-generating ability." Prof. Dr. Rudolf Volkart, University of Zurich
About the author
Luba Schönig (1974) studied Economics (major subject: Corporate Finance) at the University of Fribourg, Switzerland. After successfully graduating from her studies, she continued her education as a doctoral student in Finance at the Swiss Banking Institute of the Faculty of Economics, Business Administration&Information Technology at the University of Zurich. She earned her Doctorate in February 2005.
Summary
The intangible capital categories of a company are considered to be its major strategic resources. While immaterial assets, such as research and development capital, brands, trademarks, information capital, and common human capital are explored in detail in corporate finance literature, little work was done on managerial human capital.
The present thesis focuses on the question how to measure the contribution of this capital category to a firm’s market value. The topic is of particular importance to practitioners and researchers, as both share the opinion that the success of a firm crucially depends on the performance of its managerial human capital. /
"Among the various intangible assets of a company, managerial human capital is one of the most important ones. The efficient employment of this capital category is unthinkable without a reliable measure of its impact on a firm’s value-generating ability."
Prof. Dr. Rudolf Volkart, University of Zurich
