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Investigating the Impact of Intellectual Capital on Market Value Added Evidence from Malaysian Firms
Mojtahedi, Payam - 2018
The purpose of this study is to explore and explain the relationship between Intellectual capital and Market value added in 50 Malaysian firms during the years 2000 and 2012. intellectual capital are considered as an independent variable which divided to human, relational and structural capital,...
Persistent link: https://www.econbiz.de/10012917858
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Investigating the Impact of Valuing Intangible Assets on Valuation Multiples
Fuad, Syed - 2017
Using the valuation methods proposed by, we value the internally generated intangible assets of the listed companies in …
Persistent link: https://www.econbiz.de/10012950086
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The Pricing of Acquired Intangibles
Landsman, Wayne R.; Liss, Alexander; Sievers, Soenke - 2021
This paper investigates the value relevance of acquired intangible assets using a comprehensive hand-collected dataset for 1,647 publicly listed US-firms from 2002 to 2018. This dataset allows us to disentangle acquired intangible assets into different classes (e.g., tech-, customer-, contract-,...
Persistent link: https://www.econbiz.de/10014361645
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Accounting, Intangible Assets, Stock Market Activity, and Measurement and Disclosure Policy : Views from the UK
Dedman, Elisabeth - 2013
This paper considers the impact of UK practices with respect to the measurement and disclosure of intangible assets, focusing on RD activities. We first update prior UK work relating RD activities to market prices. Second, given the clearly identified role of disclosure outside of the financial...
Persistent link: https://www.econbiz.de/10013095783
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Who do you trust while bubbles grow and blow? A comparative analysis of the explanatory power of accounting and patent information for the market values of German firms
Reitzig, Markus; Ramb, Fred - 2004
We present a theoretical and empirical analysis of the fitness of national German (German Commercial Code - Handelsgesetzbuch (HGB)) and international (IAS and US-GAAP) accounting information, as well as European patent data to explain the market values of German manufacturing firms. For the...
Persistent link: https://www.econbiz.de/10010295644
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Institutional Investors and the Information Content of Earnings Announcements: The Case of Poland
Tavakkol, Amir; Korczak, Piotr - 2005
This paper investigates the relationship between market reaction to earnings surprises and institutional concentration in the firm's shareholders base. We use data from the Polish stock market where pension funds form a homogenous and highly competitive investor class with an increasing share in...
Persistent link: https://www.econbiz.de/10010296347
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Accounting for stock-based compensation: an extended clean surplus relation
Hess, Dieter E.; Lüders, Erik - 2001
Residual income valuation is based on the assumption that the clean surplus relation holds. As pointed out by Ohlson … valuation models rest on the implicit assumption that future stated earnings belong to current shareholders only. This is …
Persistent link: https://www.econbiz.de/10010297780
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Manipulation des Börsenkurses durch gezielte Informationspolitik im Rahmen von Squeeze-Outs? Eine empirische Untersuchung am deutschen Kapitalmarkt
Daske, Holger; Bassemir, Moritz; Fischer, Felix F. - 2009
Der vorliegende Beitrag untersucht, ob der Mehrheitsaktionär einer Gesellschaft im Vorfeld eines Zwangsausschlusses von Minderheitsaktionären (sog. Squeeze-Out) versucht, die Kapitalmarkterwartungen negativ zu beeinflussen. Ein solches 'manipulatives' Verhalten wird häufig in der juristischen...
Persistent link: https://www.econbiz.de/10010271460
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Valuation of international oil companies : RoACE era
Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus - 2005
valuation, and this has led to high capital discipline among oil and gas companies. We analyse how high oil prices can be … between RoACE and stock market valuation. Based on panel data for 11 international oil and gas companies, we seek to establish … econometric relations between market valuation on one hand, and simple financial and operational indicators on the other. Our …
Persistent link: https://www.econbiz.de/10010275859
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Information disclosure, intertemporal risk sharing, and asset prices
Dang, Tri Vi; Hakenes, Hendrik - 2010
Disclosure of information triggers immediate price movements, but it mitigates price movements at a later date, when the information would otherwise have become public. Consequently, disclosure shifts risk from later cohorts of investors to earlier cohorts. Hence, disclosure policy can be...
Persistent link: https://www.econbiz.de/10010286717