MEASUREMENT OF HUMAN CAPITAL AND MARKET VALUE OF LISTED COMPANIES

Abstract

Current analysis indicates gap between the market value and the book value of the largest international enterprises. Uncountable assets such as, intellectual capital and related to human capital have more and more meaning for a company’s market value increase. This paper studies the relationship between market value and approach to human capital measurement. In article indicated that decrease of intellectual capital value is an unfavourable phenomenon and leads to company stagnation, in parallel its increase generates the developmental potential of the company. Research doesn’t show what percent of the decisions related to financial investments were made dependent on the human capital in the company. However the paper shows that interest of shareholders and investors in intangible assets and human capital measurement is more often observed with in the last few years.