Search Results - subject:"Intangible Assets"

Firm-Level Political Risk and Intellectual Capital Investment : Does Managerial Ability Matter?

Huynh, Nhan; Le, Quynh Nga - 2023

This paper examines the impacts of firm-level political risks on intellectual capital investment and how managerial ability adjusts this correlation. Using a broad sample of U.S firms from 2002 to 2021, our results show that firms with higher political risks reduce their investment in...

Persistent link: https://www.econbiz.de/10014354849

The Intangibles Premium

Bongaerts, Dion; Kang, Xiaowei; van Dijk, Mathijs A. - 2023

We investigate the nature of cross-sectional asset pricing effects of intangibles. Intangible asset intensity relates strongly positively to stock returns and has more explanatory power than size, value, profitability, and investment. Adding an intangibles factor improves the Fama-French...

Persistent link: https://www.econbiz.de/10014355156

An Intangibles-Adjusted Profitability Factor

Jagannathan, Ravi; Korajczyk, Robert A.; Wang, Kai - 2023

We treat expenditures that create intangible assets as investments and instead of expensing them, we add them back to … dividend discount model for equity valuation. Adjusted earnings constructed by treating expenditures that create intangible … assets as investments help forecast the cross section of future cash dividends and operating cash flows on stocks better …

Persistent link: https://www.econbiz.de/10014355664

Intangible Assets and Value Capture in Global Value Chains : The Smartphone Industry

Dedrick, Jason; Kraemer, Kenneth L. - 2023

This report uses data on individual smart phones as well as industry data to identify which smartphone firms capture the most value. It finds that Apple captures most of the industry profits, thanks to its high prices, large profit margins and the volume of iPhone sales worldwide. Apple's...

Persistent link: https://www.econbiz.de/10014357448

Economics of Intellectual Capital (4) : Mathematical Aspects to Describe Its Growth

Ziesemann, Cyndia - 2023

The antecedent studies have designed a novel financial mechanism in which, upon trading intellectual capital, the economy creates or receives money to ensure unimpeded capital access and spur its generation and exploitation. This piece summarises some mathematical aspects, allowing us to apply...

Persistent link: https://www.econbiz.de/10014358610

Intangibles as a Quality Attribute

Bacciardi, Mattia; Wang, Haifeng; Mei, Jishan; Yang, Miao - 2023

Factor investing provides investors with a low-cost path to participate in long-term stock returns. The quality factor is among the most well-established equity factors with important empirical and practical implications. However, compared with other factors, the quality factor is less well...

Persistent link: https://www.econbiz.de/10014359435

Influence of Intellectual Capital on Financial Performance of Power & Energy Sector Companies in Sri Lanka

Guruge, N.H; Munasinghe, Amila - 2023

The purpose of this research is to determine the impact of intellectual capital on the financial performance of power and energy companies in Sri Lanka adopting key dimensions; human capital efficiency, structural capital efficiency, relational capital efficiency, and capital employed...

Persistent link: https://www.econbiz.de/10014360639

Influence of Intellectual Capital on Financial Performance of Power & Energy Sector Companies in Sri Lanka

Guruge, N.H; Munasinghe, Amila - 2023

Persistent link: https://www.econbiz.de/10014360802

Non-GAAP earnings and definite-lived intangible asset allocations in mergers and acquisitions

Ashby, Jason; Chyz, James; Myers, Linda A.; Whipple, … - 2023

acquisition’s purchase price to definite-lived intangible assets (DLIA). This strategy can yield two potential benefits: it can (1 …

Persistent link: https://www.econbiz.de/10014362328

Capital deaccumulation and the large persistent effects of financial crises

Knowles, Matthew - 2023

In a panel of OECD and emerging economies, I find that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are...

Persistent link: https://www.econbiz.de/10014233623