Intellectual Capital Measurement Revisited: Bibliometric Analysis of Value-Added Intellectual Coefficient

Compared to other intellectual capital measurement methods, VAIC (Value-Added Intellectual Coefficient) is the most preferred one by scholars in carrying out their research. Its popularity can be proven by numbers of research published that use VAIC in the international reputable journals. Despite its popularity, critics have also been addressed by some researchers regarding the inconsistency and unclear conceptual issue inherent in VAIC formulation. The objective of the article is exploring the use of VAIC in research and publication to find the paths for the future research avenue. To achieve the objective, this research will apply bibliometric analysis on 130 research and publications of VAIC for period 2016-2020 in Scopus database. Further analysis will be done by reading the abstract, conclusion and/or introduction of the 50 most-cited articles to get more insight on the topic. The result shows that there are interesting opportunities for VAIC research ahead, especially in modifying VAIC model by including other factors such as innovation and relational capital. Relationship of VAIC research with corporate governance and sustainability issues, especially in green economy era are also other research area that can be explored in the future. The originality of this paper is the use of bibliometric analysis on VAIC publications as a main issue.