Intellectual Capital (IC) has been argued to be the key element of value creation in the contemporary economy. According to the results obtained in [Molnar, 2004] in the 1980s the share of tangible assets accounted for about 62% of market capitalization of companies on developed markets....

In recent decades, numerous empirical studies have demonstrated the importance of intellectual capital (IC) for efficiency and value creation (e.g. Chen et al. 2015; Kianto et al. 2013; Pulic 2000; Sydler et al. 2014). However, differences of cultural, economic or institutional context pose a range of...