Intellectual property, measuring intellectual property with value added intellectual coefficient method and an application in health sector

In this study, it was investigated that whether intellectual property has any impact on profitability and efficiency of healthcare institutions by using Value Added Intellectual Coefficient Method (VAIC) which was developed by Ante Pulic. After VAIC Method was applied, correlation and regression analysis was carried out and the impact of intellectual property factor on profitability and efficiency of healthcare institutions was examined through comparison of impact by years. Balance sheets and income statements used for implementation of VAIC method were adopted from www.kap.gov.tr for enterprises whose shares were traded in BIST and from departments of accounting directorate of circulating capital for some of the enterprises. According to study performed, it was found that investment made in intellectual property factors affected profitability of healthcare institutions significantly; however, these investment had an negligible effect on efficiency of those enterprises.