Intellectual Capital (Intangible Assets) Valuation Considering The Context

Abstract

<h1 style="margin: 0in 38.3pt 0pt 0.5in; mso-pagination: widow-orphan;"><span style="font-weight: normal; mso-bidi-font-size: 10.0pt; mso-bidi-font-style: italic; mso-bidi-font-weight: bold;"><span style="font-size: x-small;"><span style="font-family: Times New Roman;">This article seeks to illustrate the evolution of intangible assets studies to the broader concept of intellectual capital and its valuation methods; then clarifies misunderstood concepts about the existence of intangible liabilities. A systemic dynamics approach to the IC valuation method considering the context finally is explained.<span style="text-decoration: underline;"></span></span></span></span></h1>

IP Commercialization Tactics in Developing Country Contexts

“…However, both within academia and business there is an emerging trend of recognizing the value proposition of patents through an intangible assets perspective (Ortiz 2011;Fukugawa 2012;(Chesbrough 2006;Arora, Fosfuri, and Gambardella 2001;Merges 1999;Feldman and Florida 1994). Patents are seen as an emerging asset class that can be proactively managed, developed, and nurtured to enhance business value (Malackowski 2006;Reilly and Schweihs 2004).…”

Influence of Intellectual Capital, Knowledge Sharing, and Innovation on Indonesian Startup Companies: A Development of Conceptual Framework

“…During the process of theoretical building to describe intangible theory, accounting theory and analogy argued that intangible theory has evolved to become a broader concept i.e. intellectual capital [4]. Startups are a kind of business that rely on intangible factors (business formula, managerial capability and human resource), hence every single management approach needs to be based on intellectual capital [5].…”

Valuation of Contractual Assets Using Statistical Simulation

“…More recently, many researchers have expressed that, besides tangible assets, the value of any business may be strongly determined by intangibles (Blair & Wallman, 2001;Daum, 2001;Lev, 2001;Saaty, 2009) These generally constitute various rights, opportunities and obligations that can substantially enhance and/or diminish the value of a company when compared to the balance of its assets and liabilities, and they may include diverse items, ranging from licenses and brands to specific business skills and market share (Corrado, Hulten, & Sichel, 2005;Kogut and Zander, 1992;Ortiz, 2006;Wang, Wang, & Liang, 2014). Vlachý (2009) embraced the topic within the framework of a comprehensive firm-theoretical model (Table 1) with direct couplings to existing valuation tools based on contemporary financial theory that uses real options.…”

“…The essential principles of the discounted cash-flow model have been in the public domain and in regular use by practitioners for at least the last one hundred years (Fischer, 1907;Rubinstein, 2006;Williams, 1938). More recently, many researchers have expressed that, besides tangible assets, the value of any business may be strongly determined by intangibles (Blair & Wallman, 2001;Daum, 2001;Lev, 2001;Saaty, 2009) These generally constitute various rights, opportunities and obligations that can substantially enhance and/or diminish the value of a company when compared to the balance of its assets and liabilities, and they may include diverse items, ranging from licenses and brands to specific business skills and market share (Corrado, Hulten, & Sichel, 2005;Kogut and Zander, 1992;Ortiz, 2006;Wang, Wang, & Liang, 2014 …”