<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0121-5051</journal-id>
<journal-title><![CDATA[Innovar]]></journal-title>
<abbrev-journal-title><![CDATA[Innovar]]></abbrev-journal-title>
<issn>0121-5051</issn>
<publisher>
<publisher-name><![CDATA[Facultad de Ciencias Económicas. Universidad Nacional de Colombia.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-50512017000400075</article-id>
<article-id pub-id-type="doi">10.15446/innovar.v27n66.66712</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Medición del capital intelectual en el sector bancario: aplicación de los modelos Skandia y VAIC]]></article-title>
<article-title xml:lang="en"><![CDATA[MEASUREMENT OF INTELLECTUAL CAPITAL IN THE BANKING SECTOR: APPLICATION OF SKANDIA AND VAIC MODELS]]></article-title>
<article-title xml:lang="pt"><![CDATA[MEDIÇÃO DO CAPITAL INTELECRJAL NO SETOR BANCÁRIO: APLICAÇÃO DOS MODELOS SKANDIA E VAIC]]></article-title>
<article-title xml:lang="fr"><![CDATA[LA MESURE DU CAPITAL INTELLECTUEL DANS LE SECTEUR BANCAIRE: L'APPLICATION DE MODÈLES SKANDIA ET VAIC]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Demuner Flores]]></surname>
<given-names><![CDATA[María del Rosario]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Saavedra García]]></surname>
<given-names><![CDATA[María Luisa]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Camarena Adame]]></surname>
<given-names><![CDATA[María Elena]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma del Estado de México  ]]></institution>
<addr-line><![CDATA[Toluca ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[México ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[México ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<volume>27</volume>
<numero>66</numero>
<fpage>75</fpage>
<lpage>89</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-50512017000400075&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-50512017000400075&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-50512017000400075&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN: El capital intelectual es reconocido como un activo estratégico corporativo importante, capaz de generar ventaja competitiva sostenible y rendimiento financiero superior. Se caracteriza por ser la principal fuente creadora de valor. En la nueva economía, la lógica de negocio se basa en lograr el crecimiento y la creación de valor a largo plazo, el problema radica en que los indicadores tradicionales no proporcionan información sobre si realmente una organización crea valor y en qué medida crea más de lo que ha invertido en recursos. El objetivo de este trabajo es valuar y comparar el capital intelectual en sus tres dimensiones para identificar el valor agregado y la eficiencia con que cada dimensión contribuye en una empresa del sector bancario, aplicando los modelos Skandia y VAIC. El estudio se realiza con la información financiera y no financiera de una organización del sector bancario durante el periodo 2011-2015. Skandia y VAIC revelan que la empresa tiende a colocar un diferente grado de énfasis entre las dimensiones del capital intelectual para generar valor corporativo, mientras que la capacidad de creación de valor está muy influenciada por el capital humano. Los resultados también muestran que la eficiencia del capital físico es la variable menos significativa en la creación de valor, mientras que la eficiencia del capital humano es de gran importancia para mejorar la productividad de la empresa. Ambos modelos se complementan: con Skandia se determina el valor monetario del capital intelectual y con VAIC se mide la eficiencia del capital intelectual.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT: Intellectual capital is recognized as a strategic corporate asset, capable of generating sustainable competitive advantages and a superior financial performance. It is characterized by being the main source of value creation. In the new economy, business logic is based on achieving long-term growth and value creation. However, traditional indicators do not provide information on whether an organization really creates value and to what extent it represents more than the invested resources. The goal of this work is to evaluate and compare the three dimensions of intellectual capital applying the Skandia and VAIC models, in order to identify the added value and the efficiency of each dimension in a company of the banking sector. The study is carried out with financial and non-financial information of a company in the banking sector for the period 2011-2015. Skandia and VAIC application reveal that the company tends to place a different emphasis on each dimension of intellectual capital to generate corporate value, while the capacity for value creation is heavily influenced by human capital. The results also show that physical capital efficiency is the least significant variable in the creation of value, while human capital efficiency is of paramount importance to improve the productivity of the company. Both models complement each other: Skandia determines the monetary value of intellectual capital and VAIC measures its efficiency.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO: O capital intelectual é reconhecido como um ativo estratégico corporativo importante, capaz de gerar vantagem competitiva sustentável e rendimento financeiro superior. Caracteriza-se por ser a principal fonte criadora de valor. Na nova economia, a lógica de negócio está baseada em atingir o crescimento e a criação de valor em longo prazo, o problema está em que os indicadores tradicionais não proporcionam informação sobre se realmente uma organização cria valor e em que medida cria mais do que investiu em recursos. O objetivo deste trabalho é avaliar e comparar o capital intelectual em suas três dimensões para identificar o valor agregado e a eficiência com que cada dimensão contribui numa empresa do setor bancário, aplicando os modelos Skandia e VAIC. O estudo se realiza com a informação financeira e não financeira de uma organização do setor bancário entre 2011 e 2015. Skandia e VAIC revelam que a empresa tende a colocar um diferente grau de ênfase entre as dimensões do capital intelectual para gerar valor corporativo, enquanto a capacidade de criação de valor está muito influenciada pelo capital humano. Os resultados também mostram que a eficiência do capital físico é a variável menos significativa na criação de valor, enquanto a eficiência do capital humano é de grande importância para melhorar a produtividade da empresa. Ambos os modelos se complementam: com Skandia, determina-se o valor monetário do capital intelectual e, com o VAIC, mede-se a eficiência do capital intelectual.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[RÉSUMÉ: On reconnaît le capital intellectuel comme un atout stratégique majeur des entreprises, capable de générer un avantage concurrentiel durable et un rendement financier supérieur. Il se caractérise comme la principale source créatrice de valeur. Dans la nouvelle économie, la logique d'entreprise se base sur la croissance et la création de valeur à long terme. Le problème est que les indicateurs traditionnels ne fournissent pas d'informations pour savoir si une organisation crée réellement de la valeur et en quelle mesure elle crée plus que ce qu'elle a investi comme ressources. Le but de cette étude est d'évaluer et de comparer le capital intellectuel sur ses trois dimensions, pour identifier la valeur ajoutée et l'efficacité avec laquelle chaque dimension contribue à une entreprise dans le secteur bancaire, en appliquant les modèles Skandia et VAIC. L'étude a été réalisée avec l'information financière et non financière d'une organisation du secteur bancaire au cours de la période 2011-2015. Skandia et VAIC montrent que la société a tendance à accorder un degré différent d'importance entre les dimensions du capital intellectuel pour générer de la valeur d'entreprise, alors que la capacité à créer de la valeur est fortement influencée par le capital humain. Les résultats montrent également que l'efficacité du capital physique est la variable moins significative dans la création de valeur, alors que l'efficacité du capital humain est d'une grande importance pour améliorer la productivité des entreprises. Les deux modèles se complètent: avec Skandia, on détermine la valeur monétaire du capital intellectuel, et avec VAIC on mesure l'efficacité du capital intellectuel.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[creación de valor]]></kwd>
<kwd lng="es"><![CDATA[sector bancario]]></kwd>
<kwd lng="es"><![CDATA[capital intelectual]]></kwd>
<kwd lng="es"><![CDATA[Skandia y VAIC]]></kwd>
<kwd lng="en"><![CDATA[Intellectual capital]]></kwd>
<kwd lng="en"><![CDATA[value creation]]></kwd>
<kwd lng="en"><![CDATA[banking sector]]></kwd>
<kwd lng="en"><![CDATA[Skandia and VAIC]]></kwd>
<kwd lng="pt"><![CDATA[capital intelectual]]></kwd>
<kwd lng="pt"><![CDATA[criação de valor]]></kwd>
<kwd lng="pt"><![CDATA[setor bancário]]></kwd>
<kwd lng="pt"><![CDATA[Skandia e VAIC]]></kwd>
<kwd lng="fr"><![CDATA[capital intellectuel]]></kwd>
<kwd lng="fr"><![CDATA[création de valeur]]></kwd>
<kwd lng="fr"><![CDATA[secteur bancaire]]></kwd>
<kwd lng="fr"><![CDATA[Skandia et VAIC]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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