The Intellectual Capital Performance of Polish Banks in 2005-2011 Perspective – An Application of KCE™ Model

In the knowledge economy intangible resources are the primary value drivers. This is particularly true of companies such as banks. However, intangible resources (Intellectual Capital) appear difficult to measure. Today, there are several methods that allows to measure Intellectual Capital in listed companies. However, not all methods of measurement are adequate for listed banks. The paper uses the KCE™ (Knowledge Capital Earnings™) ratio, to measure the Intellectual Capital efficiency of the Polish listed banks in the peer group. The time horizon was set for the period due to the possibility of recognition of years in which banks recorded a higher income and years in which recorded a drop in revenue caused by the subprime crisis in financial markets (2005-2011). The results extend the role of understanding of the Intellectual Capital in creation of sustainable advantages for banks in developing economies