A theoretical analysis of the value added intellectual coefficient (VAIC)

Abstract This paper offers a critical assessment of the value added intellectual coefficient (VAIC) through analysis coherence definitions and semantic relationships among theoretical constructs at heart model. Some criticisms detected here refer to inconsistencies VAIC with most consolidated concepts developed by Intellectual Capital (IC) literature as well internal model generated misalignment Pulic’s assumptions way they have been translated into mathematical Other derive from time mismatch in relationship variables constituting three ratios ambiguous meanings human capital efficiency structural efficiency. Implications for both researchers managers are discussed.