Details

Titel

INTRODUCTION

Ist Teil von

• Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung, 2013-10, Vol.65, p.1-201

Ort / Verlag

Düsseldorf: Springer Nature B.V

Erscheinungsjahr

2013

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Since the late 1990s, a broad understanding has arisen that such intangibles substantially affect a company' s value and growth (e.g., Lev and Zambon (2003); Lev (2004); Eccles, Ioannou, and Serafeim (2011); see, e.g., Wyatt (2008) for an overview of the vast amount of empirical literature on the "value relevance" of intangibles). Because intangibles are seldom traded on an active market, in contrast to physical or financial assets, their market value can often not be assessed. - Intangibles are in general noncompetitive, so they can be used simultaneously in many ways without causing a decrease in value. [...]apart from the original investment, intangibles either have no, or only limited, opportunity costs (apart from the original investment). - WGARI also proposes a comprehensive concept of how to install a control and reporting system that incorporates intangibles. Because some of the members of WGARI are accountants in corporate practice, in Chapter 6 the publication provides real, practical business case studies from different companies that are focusing on the specific treatments of particular intangibles.