Intangibles and methods for their valuation in financial terms: literature review

Purpose: The purpose of this paper is to review literature devoted to intangibles and their valuation and give examples of the methods that can be used for valuation of individual intangibles in financial terms. Design/methodology: The paper presents a systematic review of articles dedicated to inta...

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Authors: Pastor, Damián, Glova, Jozef, Lipták, František, Kováč, Viliam
Format: article
Publication Date:2017
Country:España
Institution:Universitat Politècnica de Catalunya (UPC)
Repository:UPCommons. Portal del coneixement obert de la UPC
Language:English
OAI Identifier:oai:upcommons.upc.edu:2117/103440
Online Access:https://hdl.handle.net/2117/103440
https://dx.doi.org/10.3926/ic.752
Access Level:Open access
Keyword:Intangible property--Valuation
Intellectual capital--Valuation
Intangibles
Intangible assets
Intellectual capital
Knowledge
Valuations
Béns immaterials -- Valoració
Capital intel·lectual
Àrees temàtiques de la UPC::Economia i organització d'empreses
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spelling Intangibles and methods for their valuation in financial terms: literature reviewPastor, DamiánGlova, JozefLipták, FrantišekKováč, ViliamIntangible property--ValuationIntellectual capital--ValuationIntangiblesIntangible assetsIntellectual capitalKnowledgeValuationsBéns immaterials -- ValoracióCapital intel·lectualÀrees temàtiques de la UPC::Economia i organització d'empresesPurpose: The purpose of this paper is to review literature devoted to intangibles and their valuation and give examples of the methods that can be used for valuation of individual intangibles in financial terms. Design/methodology: The paper presents a systematic review of articles dedicated to intangibles and their valuation. Findings: This article presents the definitions of intangibles, intangible assets, knowledge assets and other related terms. These terms are used interchangeably in spite of their different meanings. Differences and relations between these terms are clearly explained. The paper also proposes the list of basic intangibles with suggested methods for their valuation in financial terms. Income and cost approaches should be used mainly in this purpose. Market approach has only limited use. Research limitations/implications: Not all the papers related to this topic could be covered in this paper. Presented list of important intangible components may be enhanced and examples of some other methods for their valuation may be added in the future. Practical implications: The paper calls for development of framework comprising list of the most important intangibles, proposals of methods used for their valuation and examples of their use. This framework can be helpful for organisation, which are confronted with a difficult task of intangibles valuation. Originality/value: Basic definitions and differences between intangibles, intangible assets, identifiable intangible assets, knowledge assets and intellectual capital have not been mentioned in one paper yet. List of intangibles and methods for their valuation gives a direction for future work that can be fruitful for valuation of intangibles.Peer ReviewedOmniaScience20172017-04-0120172017-04-06journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/103440https://dx.doi.org/10.3926/ic.752reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 3.0 Spainhttp://creativecommons.org/licenses/by-nc/3.0/es/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/1034402026-05-27T15:37:01Z
dc.title.none.fl_str_mv Intangibles and methods for their valuation in financial terms: literature review
title Intangibles and methods for their valuation in financial terms: literature review
spellingShingle Intangibles and methods for their valuation in financial terms: literature review
Pastor, Damián
Intangible property--Valuation
Intellectual capital--Valuation
Intangibles
Intangible assets
Intellectual capital
Knowledge
Valuations
Béns immaterials -- Valoració
Capital intel·lectual
Àrees temàtiques de la UPC::Economia i organització d'empreses
title_short Intangibles and methods for their valuation in financial terms: literature review
title_full Intangibles and methods for their valuation in financial terms: literature review
title_fullStr Intangibles and methods for their valuation in financial terms: literature review
title_full_unstemmed Intangibles and methods for their valuation in financial terms: literature review
title_sort Intangibles and methods for their valuation in financial terms: literature review
dc.creator.none.fl_str_mv Pastor, Damián
Glova, Jozef
Lipták, František
Kováč, Viliam
author Pastor, Damián
author_facet Pastor, Damián
Glova, Jozef
Lipták, František
Kováč, Viliam
author_role author
author2 Glova, Jozef
Lipták, František
Kováč, Viliam
author2_role author
author
author
dc.subject.none.fl_str_mv Intangible property--Valuation
Intellectual capital--Valuation
Intangibles
Intangible assets
Intellectual capital
Knowledge
Valuations
Béns immaterials -- Valoració
Capital intel·lectual
Àrees temàtiques de la UPC::Economia i organització d'empreses
topic Intangible property--Valuation
Intellectual capital--Valuation
Intangibles
Intangible assets
Intellectual capital
Knowledge
Valuations
Béns immaterials -- Valoració
Capital intel·lectual
Àrees temàtiques de la UPC::Economia i organització d'empreses
description Purpose: The purpose of this paper is to review literature devoted to intangibles and their valuation and give examples of the methods that can be used for valuation of individual intangibles in financial terms. Design/methodology: The paper presents a systematic review of articles dedicated to intangibles and their valuation. Findings: This article presents the definitions of intangibles, intangible assets, knowledge assets and other related terms. These terms are used interchangeably in spite of their different meanings. Differences and relations between these terms are clearly explained. The paper also proposes the list of basic intangibles with suggested methods for their valuation in financial terms. Income and cost approaches should be used mainly in this purpose. Market approach has only limited use. Research limitations/implications: Not all the papers related to this topic could be covered in this paper. Presented list of important intangible components may be enhanced and examples of some other methods for their valuation may be added in the future. Practical implications: The paper calls for development of framework comprising list of the most important intangibles, proposals of methods used for their valuation and examples of their use. This framework can be helpful for organisation, which are confronted with a difficult task of intangibles valuation. Originality/value: Basic definitions and differences between intangibles, intangible assets, identifiable intangible assets, knowledge assets and intellectual capital have not been mentioned in one paper yet. List of intangibles and methods for their valuation gives a direction for future work that can be fruitful for valuation of intangibles.
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-04-01
2017
2017-04-06
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/103440
https://dx.doi.org/10.3926/ic.752
url https://hdl.handle.net/2117/103440
https://dx.doi.org/10.3926/ic.752
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 3.0 Spain
http://creativecommons.org/licenses/by-nc/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 3.0 Spain
http://creativecommons.org/licenses/by-nc/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv OmniaScience
publisher.none.fl_str_mv OmniaScience
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300724

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