Measurement and Reporting of Intellectual Capital

This paper aims to explore the measurement and reporting of intellectual capital as the core driver of corporate value in the context of the knowledge economy. The study systematically reviews the two dominant paradigms for defining intellectual capital: the “constitutive perspective,” which regards intellectual capital as a collection of the values of intangible assets such as human capital, structural capital, and relational capital, focusing on the analysis of intrinsic value components; and the “premium perspective,” which defines it as the excess of market value over book value, emphasizing overall value representation. Each perspective has inspired distinct measurement methodologies: the former focuses on valuing internal components, while the latter centers on market-to-book differentials. To overcome these shortcomings, the paper innovatively proposes the Intellectual Capital Integrated Measurement Model (ICIM) and a corresponding reporting strategy. By integrating internal quality indicators with external market correction valuations, this approach achieves structured analysis and dynamic assessment of value. The integrated model and reporting strategy are designed to bridge internal and external information barriers, providing theoretically sound and practically operational decision support for corporate resource allocation optimization and rational investment valuation.