Marx in high technology era: globalisation, capital and class evolution

Сентябрь 8, 2022

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Marx in high technology era: globalisation, capital and class evolution

Содержание

2. Motivation According the Marx Theory of the labor value, the surplus profit is the result of
3. Motivation The intellectual capital of an enterprise is a very complicated and dynamic system consisting of
4. Research Methodology Our research is based on the methods of observation, data collection, analysis and synthesis,
5. Dispute of two Cambridge on the capital nature Piero Sraffa, Joan Robinson, Luigi Pasinetti, Pierandzhelo Garenyany
6. Five capitals model Natural capital, Social capital, Human capital, Manufactured capital ( physical + intellectual), Finance
7. Surplus profit method (capitalization of goodwill) is separately identified among them as a method which the
8. To reveal the relationship between intellectual capital investments and companies’ financial performance, we carried out a
9. Regression analysis Also we considered whether an intellectual capital management system or, at least, its elements
10. Regression analysis Respondents were asked to state how they would estimate the investments in the following
11. Regression analysis
12. Regression analysis To estimate financial performance, we asked respondents to express their opinion on the financial
13. Regression analysis Df Regression statistics Multiple R 0,802399657 R-squared 0,643845209 Adjusted R-squared 0,614165644 Std. error 0,855047741
14. The modified model of added value
15. Conclusion The dispute on the capital nature in modern conditions can be resolved by account on
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Motivation
According the Marx Theory of the labor value, the surplus

profit is the result of labor value creation

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Motivation
The intellectual capital of an enterprise is a very complicated and

dynamic system consisting of interdependent and interpenetrating elements. The cost of these elements changes under the influence of both internal and external factors of diverse nature and controverse dynamics. Roos, G. Pike, S. and Fernstrom, L. (2005), Dumay (2009) and Bratianu (2018).

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Research Methodology
Our research is based on the methods of observation, data

collection, analysis and synthesis, mathematical modeling in economics and financial modeling.
In addition, polling methods (questioning) and personal interviews have been used in this research.

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Dispute of two Cambridge on the capital nature
Piero Sraffa, Joan Robinson,

Luigi Pasinetti, Pierandzhelo Garenyany as representatives of the English school, Paul Samuelson, Robert Solow, Frank Khan and Christopher Bliss — the American (neoclassical) school.
Dispute essence:
role and, as a result, measurement of the capital in industrial capitalist societies
economic processes don't result in balance, and therefore the analysis of balance can't be considered the adequate tool for a research of processes of growth and accumulation of the capital.
Polemic value of ideological representations in a situation when conclusions from simple models are unstable

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Five capitals model
Natural capital,
Social capital,
Human capital,
Manufactured capital (

physical + intellectual),
Finance capital
http://www.forumforthefuture.org/projects/the-five-capitals

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Surplus profit method (capitalization of goodwill) is separately identified among them

as a method which the most correctly meets the conditions of the cost approach to business. It is connected with one more classification of non-material resources of the enterprise which allows to possess:
business goodwill (undivided intangible assets);
personal goodwill;
identifiable intangible assets

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To reveal the relationship between intellectual capital investments and companies’ financial

performance, we carried out a survey of top managers of enterprises in St. Petersburg and Leningrad Region from January to May 2018. We selected sectors of shipbuilding industry with high level of innovation activities because these are the sectors where enterprises generally invest in intangibles, including technologies, research and development, human capital, brands etc.

Regression analysis

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Regression analysis
Also we considered whether an intellectual capital management system or,

at least, its elements exist within a company. The primary sample contained top managers of 87 companies.
At the first stage it revealed that from 87 companies that formed the sample, only 40 private companies approved their interest in IC management and answered negatively at the question on implication of intellectual capital management methods in their practice. We included them at the sample for the second stage of the study.

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Regression analysis
Respondents were asked to state how they would estimate the

investments in the following items of intellectual capital for the previous three years:
1 – investments in technologies
2 – investments in human capital
3 – investments in brands.
The suggested answers were converted into points from 0 to 3, as illustrated in Table 3.

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Regression analysis

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Regression analysis
To estimate financial performance, we asked respondents to express their

opinion on the financial stability of their enterprises and proposed the following answers:
0 points – financial stability decreased
1 point – financial stability remained unchanged
2 points – financial stability increased. .

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Regression analysis
Df Regression statistics
Multiple R 0,802399657
R-squared 0,643845209
Adjusted R-squared 0,614165644
Std. error 0,855047741
Multiple R 40
Observations SS MS F Df
Regression 3 47,58016 15,86005 21,69322 3,3811E-08
Residuals 36 26,31984 0,731107
Total 39 73,9
Coefficients Standard error t-statistics P-Value Lower 95.0% Upper 95.0%
Y

– intersection 0,792142948 0,370499 2,138042 0,039373 0,04073551 1,54355
X 1 – technologies 0,555496875 0,148859 3,731693 0,000654 0,253596369 0,857397
X 2 – human capital 0,337301126 0,239674 1,407335 0,167904 -0,148779439 0,823382
X 3 – brands 0,699372159 0,225428 3,102414 0,003723 0,242182197 1,156562

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The modified model of added value

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Conclusion
The dispute on the capital nature in modern conditions can be

resolved by account on the different parties of balance the financial capital and the production capital including the physical capital, the natural capital and the intellectual capital
The new essence of the surplus value is that intellectual capital becomes her source.
In ideal model of fair strategic development the financial capital must invest the surplus income in development of technologies and respectively has to limit consumption
The value of the intellectual capital can be estimated on the bases of surplus profit creation