Although measuring the performance of a firm's R&D activities is a very challenging task, the critical role played by R&D in creating and sustaining a firm's competitive advantage has raised the need to adopt appropriate performance measurement systems (PMSs) in R&D units. Therefore, management...

Intangible assets are increasingly considered the ultimate roots of company's success. This paper aims to propose a method to estimate the value embedded in Ramp;D activities, which could be used for: (i) a una tantum evaluation of a firm's value, related to specific actions such as mergers,...