Intellectual capital in education
| DOI | https://doi.org/10.1108/JIC-10-2017-0140 |
| Date | 08 January 2018 |
| Pages | 2-9 |
| Published date | 08 January 2018 |
| Author | Giustina Secundo,Rosa Lombardi,John Dumay |
| Subject Matter | Information & knowledge management,Knowledge management,HR & organizational behaviour,Organizational structure/dynamics,Accounting & Finance,Accounting/accountancy,Behavioural accounting |
Guest editorial
Intellectual capital in education
Introduction
Schools, and especially universities, are currently undergoing major challenges as their
role in society constantly changes. From a teaching perspective, the internet and online
technologies have seen the introduction of massive online offered courses (MOOCS) and the
opportunity for students to choose between online, distance, and mixed-modes of education.
These changes are disrupting the foundations of traditional schools that must now compete
with public and private online offerings that challenge face-to-face classroom teaching.
Similarly, professional accreditations, such as the Microsoft Certification, are important
qualifications that go beyond traditional education. Higher education is no longer the remit
of a privileged social class. University and professional education are becoming more
available, and online platforms can reach students worldwide. However, as higher education
spreads, it no longer guarantees a job but has become a minimum requirement for one.
These changes are coupled with an inrush of students to established schools and
universities in Australia, the USA, UK, and the EU from developing nations, such as China
and India. The flood is changing the higher education landscape in these countries,
transforming university education into a major export industry. However, exporting
education does not guarantee a continuing income stream for these countries. Universities in
developing nations are improving their courses and moving up the ranking tables.
Thus, tomorrow’s universities will be far different than what they are today.
The influx of foreign students is also creating a reliance on income from foreign students
to fund universities. For example, in Australia in 2016 there were more than half a
million foreign students contributing about AUS$12 billion to the education sector, and
more than AUS$19.7 billion to the economy. This student income is necessary due to cuts in
education funding. As a result, universities are becoming more entrepreneurial and are
developing courses to attract and retain foreign students. However, the uncertainty of the
income stream also results in increased use of adjunct staff, which puts pressure on existing
human capital in teaching and in achieving high-quality research outcomes.
Since the beginning of the IC movement, universities are the subject of research,
investigating issues such as intellectual property (Fine and Castagnera, 2003), management
(Sánchez and Elena, 2006), research and development (Castellanos et al., 2004), and reporting
(Sánchez et al., 2009; Low et al., 2015). These approaches are what Petty and Guthrie (2000)
identify as second-stage IC research. However, more recently, research has focussed on IC
practice, or third-stage IC research (Guthrie et al., 2012) inside universities (Vincenza et al.,
2013; Secundo et al., 2015; Vagnoni and Oppi, 2015).
Additionally, research at the cutting edge is examining the third mission of universities
from the perspective of technology transfer and innovation, continuing education, and social
engagement (Secundo et al., 2016, p. 299). The latter is in line with Dumay and Garanina’s
(2013, p. 21) fourth stage of IC research which helps “navigate the knowledge created by
countries, cities and communities and advocates how knowledge can be widely developed
thus switching from a managerial to an ecosystem focus”. The transition from traditional
academia to an enhanced third-mission role is crucial for transforming universities and
higher education providers as they continue to consolidate their position as critical players
in socio-economic development and regional growth (Foray et al., 2012; Kempton et al., 2013).
Because of the interest in IC and educational institutions and their dynamic operating
environment, newopportunities for future research are emerging (Guthrie and Dumay, 2015).
Journal of Intellectual Capital
Vol. 19 No. 1, 2018
pp. 2-9
© Emerald PublishingLimited
1469-1930
DOI 10.1108/JIC-10-2017-0140
2
JIC
19,1
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