Showing 71 - 80 of 125,558
We study the redistributive effects of a gradual productivity shift from tangible to intangible capital. Intangible asset creation relies on the commitment of skilled human capital. To ensure retention,firms reward innovators by deferred compensation, so funding demand by firms drops as the...
Persistent link: https://www.econbiz.de/10012269662
The development of a knowledge economy is a key priority for innovative progress and for ensuring the country's competitiveness through the efficient use of intellectual resources and human capital. Our paper is focused on a necessity to find out the influence of human capital in providing...
Persistent link: https://www.econbiz.de/10012225135
Corporate reputation is an important management objective, bearing the potential to create sustainable competitive advantage, and many scholars have studied its impact on firm performance. However, its effect on the cost of equity has only recently begun to attract the attention of academic...
Persistent link: https://www.econbiz.de/10012257467
to analyze intellectual capital and approaches to its measurement, management and influence on company value. Taking into … account the intangible nature of intellectual capital its measurement is an unconventional task for researchers with tough …
Persistent link: https://www.econbiz.de/10012929162
We model how the evolution of investment towards intangible capital offers new implications for corporate funding, employee compensation and payout policy. Tangible capital can be purchased by firms and funded externally, while intangible capital is largely created by skilled workers investing...
Persistent link: https://www.econbiz.de/10012935297
In the last few decades, a valuation of intangible assets is an activity of particular importance, not only because of growing number of transactions with intangibles but for accurate financial reporting as well. In this discipline, a special area is dedicated to the research of different...
Persistent link: https://www.econbiz.de/10012937124
This paper explores the hypothesis that the rise in intangible capital is a fundamental driver of the secular trend in US corporate cash holdings over the last decades. Using a new measure, we show that intangible capital is the most important firm-level determinant of corporate cash holdings....
Persistent link: https://www.econbiz.de/10012938237
This study examines how ownership structure affects the intellectual capital efficiency. It is conducted in an emerging market and uses data on Polish companies listed on the Warsaw Stock Exchange. We find that ownership by management board members negatively affects intellectual capital...
Persistent link: https://www.econbiz.de/10012973648
Intangible assets have always been part of the economic landscape. In this study we examine the impact of intangibles, both internally developed and externally acquired, on our ability to identify differences in expected stock returns. Our research does not find compelling evidence that we...
Persistent link: https://www.econbiz.de/10012822650
Due to the extremely high asset specificity of intangible assets, although the company records it at fair value under the accounting principle, the price of its market transaction is distorted by information asymmetry, so that the buyer must pay an amount higher than the asset value, or the...
Persistent link: https://www.econbiz.de/10013296667