This essay explains how intangible asset management oriented toward enhancing corporate performance increasingly embeds ethical concerns, primarily to address stakeholder expectations. We discuss how ethical dimensions in intangible asset management may be co-constructed and intertwined in organization-stakeholder interactions to generate collaborative meaning making according to a stakeholder-centric view of the fi rm. In so doing, we adopt an ethical view that acknowledges that stakeholders beyond the fi rm have equal status and agency to engage in a social construction process of intangible assets nurtured by ongoing dialogue and reciprocal understanding between organization and stakeholders. The essay concludes by envisioning how the dialogic process of social construction of intangible assets involving both organization and stakeholders is best conceived as a social contract between the two that enacts a cultural bond between intangible assets together with ethical and societal resources that are collectively generated, owned, and maintained.KEY WORDS: corporate identity , corporate brand , corporate reputation , social constructionist perspective , stakeholder-centric view of the fi rm , social contract A cademics and managers widely agree that a fi rm's ability to gain competitive advantage and generate higher corporate and stakeholder value depends on its capacity to build and nurture intangible assets. The assets in question are idiosyncratic and fi rm specifi c; they include corporate identity, corporate brand, and corporate reputation. Corporate identity constitutes the sum of all elements of organizational life, including a fi rm's culture, mission, vision, goals, strategies, organizational and physical structures, and communication systems (Melewar, 2003 ). Pressure to manage the corporate identity as part of the larger corporate brand continues to increase in order to meet stakeholder demands. In this regard, the corporate brand https://www.cambridge.org/core/terms. https://doi