Intellectual Capital of Institutions of Higher Education in the Knowledge Economy


1 Department of Ukrainian and World History and Culture, Izmail State University of Humanities, Izmail, Ukraine

2 Department of Informatics, Information Security and Documentation, Cherkasy State Technological University, Cherkasy, Ukraine

3 Department of Public Administration, National Aviation University, Kyiv, Ukraine

4 Department of Finance and Economics, Borys Grinchenko Kyiv University, Kyiv, Ukraine

5 Department of Finance and Banking, Poltava university of Economics and Trade, Poltava, Ukraine



To determine the directions of managing the intellectual capital of a university, the authors studied the impact of the knowledge economy on the education sector, analysed the most prestigious international rankings of universities and their criteria and methodologies, assessed the current state and prospects of Ukrainian universities in global rankings. The study of theoretical developments has proven the importance of the intellectual capital of the university and its ability to increase the competitive advantages of universities. Authors proposed the mechanism of institutions of higher education intellectual capital management in the knowledge economy, which provides a synergistic effect of all components of intellectual capital and will increase the competitive advantages of Ukrainian universities.

Graphical Abstract

Intellectual Capital of Institutions of Higher Education in the Knowledge Economy


Bashynska, I., Baldzhy, M., Ivanchenkova, L., Skliar, L. Nikoliuk, O., & Tkachuk, G. (2019). Game Risk Management Methods for Investment Portfolio Optimization. International Journal of Recent Technology and Engineering, 8(2), pp. 3940-3943 DOI: 10.35940/ijrte.B1729.078219

Вila, O., Gontareva, I., Babenko, V., Kovalenko, O., & Gliebova., N. (2020). Organizational and Methodological Guidelines for Training Education Managers to Implement the Strategy of Corporate Social Responsibility. International journal of circuits, systems and signal processing, 14, pp. 679-685. doi:

Dzwigol, H., Dzwigol-Barosz, M., Miskiewicz, R., & Kwilinski, A. (2020). Manager Competency Assessment Model in the Conditions of Industry 4.0. Entrepreneurship and Sustainability Issues, 7(4), pp. 2630-2644.

Gontareva, I., Maryna, B., Babenko, V., Perevozova, I., & Mokhnenko, A. (2019). Identification of efficiency factors for control over information and communication provision of sustainable development in higher education institutions. WSEAS Transactions on Environment and Development, 15, рр. 593-604.

Khan, A.M., Arafat, M.Y., Raushan, M.A., Saleem, I., Khan, N.A., & Khan, M.M. (2019). Does intellectual capital affect the venture creation decision in India? Journal of Innovation and Entrepreneurship, 8(10)

Kisiołek, A., Karyy, O., & Нalkiv, L. (2020). Comparative Analysis of the Practice of Internet Use in the Marketing Activities of Higher Education Institutions in Poland and Ukraine. Comparative Economic Research. Central and Eastern Europe, 23(2), pp. 87-102. DOI: 10.18778/1508-2008.23.14

Kholod, B., Zadoia, A., & Zadoia, O. (2020). Polycentrism of the modern world: A methodology for discovering world leaders. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 3, pp. 171-176.

Miśkiewicz, R. (2018). The Importance of Knowledge Transfer on the Energy Market. Polityka Energetyczna, 21(2), pp. 49-62.

Ponomarenko, T., Khudolei, V., Prokopenko, O., & Klisinski, J. (2018). Competitiveness of the information economy industry in Ukraine. Problems and Perspectives in Management, 16(1), pp. 85-95.

Prokopenko, O., Holmberg, R., & Omelyanenko, V. (2018). Information and communication technologies support for the participation of universities in innovation networks (comparative study). Innovative Marketing, 14 (3), pp. 17-29.

Prokopenko, S., & Selevich, T. (2016). Research and development of modern universities’ essence. SHS Web of Conferences, 28:01084 DOI: 10.1051/shsconf/20162801084

QS World University Rankings by Subject 2020.

Ranking Web of Universities.

Sergeev A. (2016). Intellectual capital of management, Saarbrücken: LAP LAMBERT Academic Publishing GmbH & Co. KG, 316 p.

Stewart Th. (1998). Intellectual Capital: The new wealth of organisation. 1st Edition. New York: Crown Business, 320 p.

The Academic Ranking of World Universities 2019.

Tirto T., Ossik Y., & Omelyanenko V. (2020). ICT support for industry 4.0 innovation networks: Education and technology transfer issues. Lecture Notes in Mechanical Engineering, pp. 359-369.

Titova, N., & Shutov, A. (2014). Predictive Model of Strategic Development of a University. Procedia Computer Science, 31, pp. 459-467 DOI: 10.1016/j.procs.2014.05.290

Tkachenko, V., Kuzior, A., & Kwilinski, A. (2019). Introduction of Artificial Intelligence Tools into the Training Methods of Entrepreneurship Activities. Journal of Entrepreneurship Education, 22(6), 1-10.

Top-200 Ukraine 2020.

Trusova, N. (2016). Systemic factors of projected financial potential of business entities. Economic Annals-XXI, 161(9-10), pp. 61-65

World University Rankings 2020.!/page/0/length/25/sort_by/rank/sort_order/asc/cols/stats