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Intangible Capital in Factor Models

SSRN Electronic Journal, 2021
The transition from a traditional manufacturing-based economy to a knowledge- and service-based economy over recent decades resulted in a considerable rise in intangible capital, most of which is not reported on companies’ balance sheets. As a result, balance sheet-based valuation ratios, investment measures, and other firm characteristics that do not
Huseyin Gulen   +3 more
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Intangible Capital

2010
A practical guide to leveraging hidden knowledge intangibles to fuel growth and innovation and add value to your business. Intangible Capital: Putting Knowledge to Work in the 21st-Century Organization is for every manager struggling to succeed and innovate in today's knowledge-based economy. This must-have handbook helps businesspeople build
Mary Adams, Michael Oleksak
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Profit Rates and Intangible Capital

The Review of Economics and Statistics, 1991
A central question in industrial organization is why profit rates differ so dramatically across firms and industries. One of the many explanations offered for this phenomenon is the failure of conventional accounting methods to adjust for intangible capital stocks, i.e., it is argued that profit rates do not differ dramatically when capital stocks are ...
Megna, Pamela, Mueller, Dennis C
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Intangible assets and capital structure

Journal of Banking & Finance, 2014
With intangible assets representing at least one third of U.S. corporate assets and one half of annual investment, it is important to understand to what extent intangible assets support debt. Some characteristics of intangible assets, such as high valuation risk and poor collateralizability, can discourage debt financing.
Steve C. Lim   +2 more
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