Schauten, Marc; Stegink, Rudolf; de Graaff, Gijs - In: Managerial Finance 36 (2010) 9, pp. 799-811
Purpose – The purpose of this paper is to determine the required return of intangible assets for eight different business sectors by means of an empirical study of companies from the US Standard & Poor's 500 index. The resulting required return is subsequently compared with proxies for the...