The objective of this paper is to investigate the relationship between the value creation efficiency and firms' market valuation as well as financial performance, using data drawn from Taiwanese listed companies. Our results support the proposition that intellectual capital has a positive impact...

The purpose of the paper is to investigate the value relevance of intellectual capital for the Italian investors. The paper uses the Ohlson model (1995) draws on 360 firm-year observations of the publicly listed companies on the Italian Stock Exchange between the years 2006 at 2008. It is...

This paper presents a new way of measuring residual income, originally introduced by Magni (2000a, 2000b, 2003). Contrary to the standard residual income, the capital charge is equal to the capital lost by investors. The lost capital may be viewed as (a) the foregone capital, (b) the capital...

This paper presents a new way of measuring residual income, originally introduced by Magni (2000a, 2000b, 2003). Contrary to the standard residual income, the capital charge is equal to the capital lost by investors. The lost capital may be viewed as (a) the foregone capital, (b) the capital...