Methods for Measuring of Intellectual Capital: An Application of Ceramics Sector Companies Listed in Borsa Istanbul (BIST)
Assist. Prof. Dr. Yılmaz AKYÜZ

Abstract
The rapid changes in our age have an important position in competitive advantage for businesses. Measuring intellectual capitals of businesses gained great importance in terms of issues such as surviving in both local and global markets, competing with existing and potential competitors. In this study, after a description of the concept for intellectual capital are explained with intellectual capital measurement models, the measured values ceramics enterprises in the Borsa Istanbul (BIST) has been analyzed by comparing them. 2006-2010 periods of financial statements for the enterprises were used in the sample of the study. Market Value / Book Value ratio and Tobin's Q ratio which have similar calculation method have come closer to each other with regard to five years average results and business ranking were the same. However, according to calculation of the value of intangible assets which have long calculation method and quite technical has changed the rank of the businesses. In this context; this method has shown that Kutahya Porcelain INC. is the one company that gives importance to intellectual capital and protects its value.

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