Abstract

To address the opportunities and problems posed by the emerging knowledge economy, many of these adjustments include substituting tangible assets for immaterial ones. The primary goal of this study is to comprehend the many consequences of information sharing, intellectual capital, and organizational success. Examining the topic of intellectual capital accounting is the aim of this study. Concerns about intellectual capital, its assessment and measurement, as well as its unique qualities, were taken into consideration. The fundamentals around the concept of intellectual capital, including its differences, relationship with intangible assets, effects on financial statements and why value creation potential formed the questionnaire of this research. It was sent to 120 firms and an empirical descriptive analysis in addition to the literature study was conducted. Research proposed a theoretical framework around intellectual capital (IC) and its influence around knowledge as driving forces of development, the necessary improvements regarding disclosure in financial statements and finally IC’s positive effect on corporate performance. Results show some differences compared to the literature. Factors that traditionally appear as important do not have the same treatment on the part of Greek businesses. Future research could delve further into the reasons for these differences.

Key words: Intellectual capital, company performance, knowledge, accounting measurement, financial statements.