ABSTRACT
This chapter suggests that a better understanding of the role of intellectual capital (IC) in emerging markets can enrich and advance IC theory, as well as helping managers of both multinational companies and local businesses to achieve greater efficiencies by understanding cross-cultural differences. It analyses the existing studies devoted to relationship between IC elements and different performance indicators in Chinese and Russian companies. The Appendix presents of empirical studies of the impact of IC on firm performance in China and Russia. Only one of several earlier studies of the Russian market identified human capital as the key IC element influencing company financial performance, assessing its impact as much higher than that of other elements of IC. In combination with the long-term nature of relational capital, this finding suggests that this component of IC may still affect performance of Russian and Chinese companies when studied over a longer time. This hypothesis can be tested in future studies, using time-lagged performance data.
