Knowledge-based extraction of intellectual capital-related information from unstructured data

Nowadays, there is an increasing demand for the identification of an organization's intellectual capital (IC) for decision support and providing important managerial insights in knowledge-intensive industries. In traditional approaches, identification of an organization's IC is usually done manually through interviews, surveys, workshops, etc. These methods are labor and time intensive and the quality of the results is highly dependent on, among other things, the experience of the investigators. This paper presents a Knowledge-based Intellectual Capital Extraction (KBICE) algorithm which incorporates the technologies of computational linguistics and artificial intelligence (AI) for automatic processing of unstructured data and extraction of important IC-related information. The performance of KBICE was assessed through a series of experiments conducted by using publicly available financial reports from the banking industry as the testing batch and encouraging results have been obtained. The results showed that, through the use of hybrid intelligent matching strategies, it is possible to extract commonly referred IC-related information from unstructured data automatically. IC information analyst can rely on this method as an additional mean to identify and extract the commonly sought IC information from financial reports in a fast, systematic and reliable manner.

[1]  Y. Wang,et al.  A multi-facet taxonomy system with applications in unstructured knowledge management , 2005, J. Knowl. Manag..

[2]  David J. Skyrme,et al.  Intellectual capital: Core assets for the third millenium enterprise: Annie Brooking, Thomson Publishing (1996), 205 pp., £25 (hb) , 1997 .

[3]  R. Petty,et al.  Intellectual capital: Australian annual reporting practices , 2000 .

[4]  Helmut Schmidt,et al.  Probabilistic part-of-speech tagging using decision trees , 1994 .

[5]  M. Malone,et al.  Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower , 1997 .

[6]  Daniel Palacios Marqués,et al.  The Effect Of Innovation On Intellectual Capital: An Empirical Evaluation In The Biotechnology And Telecommunications Industries , 2006 .

[7]  Federica Ricceri,et al.  Italian annual intellectual capital disclosure: An empirical analysis , 2003 .

[8]  Andrew Zisserman,et al.  Efficient Visual Search of Videos Cast as Text Retrieval , 2009, IEEE Transactions on Pattern Analysis and Machine Intelligence.

[9]  Marco Frey,et al.  Analyzing intellectual capital information in sustainability reports: some empirical evidence , 2012 .

[10]  David Y. Chan,et al.  Consequences of XBRL Standardization on Financial Statement Data , 2012, J. Inf. Syst..

[11]  Indra Abeysekera The Project of Intellectual Capital Disclosure: Researching the Research , 2005 .

[12]  Sylwia Męcfal Recenzja książki. Robert K. yin, Case Study Research. Design and Methods (fourth Edition), thousand Oaks, CA: Sage Publications, 2009 , 2012 .

[13]  Byunghak Leem,et al.  The effect of the supply chain social capital , 2013, Ind. Manag. Data Syst..

[14]  Agnar Aamodt,et al.  Case-Based Reasoning: Foundational Issues, Methodological Variations, and System Approaches , 1994, AI Commun..

[15]  R. Grant Toward a Knowledge-Based Theory of the Firm,” Strategic Management Journal (17), pp. , 1996 .

[16]  T. A. Stewart Intellectual Capital: The New Wealth of Organizations , 1997 .

[17]  Chi Fai Cheung,et al.  A multi-perspective knowledge-based system for customer service management , 2003, Expert Syst. Appl..

[18]  Janet L. Kolodner,et al.  Case-Based Reasoning , 1988, IJCAI 1989.

[19]  Agnar Aamodt,et al.  CASE-BASED REASONING: FOUNDATIONAL ISSUES, METHODOLOGICAL VARIATIONS, AND SYSTEM APPROACHES AICOM - ARTIFICIAL INTELLIGENCE COMMUNICATIONS , 1994 .

[20]  Grant Samkin,et al.  Intellectual Capital Reporting by the New Zealand Local Government Sector , 2008 .

[21]  H. Hsu,et al.  Intellectual Capital , 1999 .

[22]  J. Guthrie,et al.  Visualizing and Measuring Intellectual Capital in Capital Markets: A Research Method , 2010 .

[23]  Luigi Portinale,et al.  Cased-Based Reasoning for medical knowledge-based systems , 2001, Int. J. Medical Informatics.

[24]  Keng-Boon Ooi,et al.  Productivity management: integrating the intellectual capital , 2013, Ind. Manag. Data Syst..

[25]  J. Spender Making knowledge the basis of a dynamic theory of the firm , 1996 .

[26]  Edward Curry,et al.  XBRL and open data for global financial ecosystems: A linked data approach , 2012, Int. J. Account. Inf. Syst..

[27]  Rosina O. Weber,et al.  Intelligent lessons learned systems , 2001, Expert Syst. Appl..

[28]  Chi Fai Cheung,et al.  Knowledge‐based treatment planning for adolescent early intervention of mental healthcare: a hybrid case‐based reasoning approach , 2007, Expert Syst. J. Knowl. Eng..

[29]  Z. Abidin,et al.  Intellectual Capital Disclosure and Market Capitalization , 2014 .

[30]  Wei-Kang Wang,et al.  A knowledge-based decision support system for measuring the performance of government real estate investment , 2005, Expert Syst. Appl..

[31]  Ranjit Bose,et al.  Knowledge management metrics , 2004, Ind. Manag. Data Syst..

[32]  Michael M. Richter The search for knowledge, contexts, and Case-Based Reasoning , 2009, Eng. Appl. Artif. Intell..

[33]  Karl-Erik Sveiby The Intangible Assets Monitor , 1997 .

[34]  Qian Long Kweh,et al.  Intellectual capital and performance in the Chinese life insurance industry , 2014 .

[35]  Serge Abiteboul,et al.  Querying Semi-Structured Data , 1997, Encyclopedia of Database Systems.

[36]  Carsten Tautz,et al.  CBR for Experimental Software Engineering , 1998, Case-Based Reasoning Technology.

[37]  R. Whiting,et al.  Voluntary disclosure of intellectual capital in New Zealand annual reports and the “hidden value” , 2008 .

[38]  Yuh-Min Chen,et al.  Development of an adaptive learning case recommendation approach for problem-based e-learning on mathematics teaching for students with mild disabilities , 2009, Expert Syst. Appl..

[40]  Chun-Lang Chang,et al.  Using case-based reasoning to diagnostic screening of children with developmental delay , 2005, Expert Syst. Appl..

[41]  Satyendra C. Pandey,et al.  Role of knowledge infrastructure capabilities in knowledge management , 2013, J. Knowl. Manag..

[42]  David W. Aha,et al.  Intelligent delivery of military lessons learned , 2003, Decis. Support Syst..

[43]  Christine Nadel,et al.  Case Study Research Design And Methods , 2016 .

[44]  Chi Fai Cheung,et al.  A knowledge‐based service automation system for service logistics , 2006 .

[45]  M. Joshi,et al.  Intellectual capital and financial performance: an evaluation of the Australian financial sector , 2013 .

[46]  N. Bontis Intellectual Capital Disclosure in Canadian Corporations , 2003 .

[47]  Ester Oliveras,et al.  Reporting Intellectual Capital in Spain , 2004 .

[48]  Mohan Subramaniam,et al.  The Influence of Intellectual Capital on the Types of Innovative Capabilities , 2005 .

[49]  Jan Mouritsen,et al.  Disclosure of information on intellectual capital in Danish IPO prospectuses , 2005 .

[50]  M. Gordon,et al.  PUBLICATION RECORDS AND TENURE DECISIONS IN THE FIELD OF STRATEGIC MANAGEMENT , 1996 .

[51]  R. Petty,et al.  Using content analysis as a research method to inquire into intellectual capital reporting , 2004 .

[52]  Rob Gray Lifting the Lid on the Use of Content Analysis to Investigate Intellectual Capital Disclosures , 2013 .