Assessing the value of intangible assets: evidence from Japanese firms

Pablo Gonzalo Ramirez and Toyohiko Hachiya

International Journal of Applied Management Science, 2008, vol. 1, issue 1, 55-74

Abstract: This study contributes to the literature on market signalling and resource-based view by examining the relationship between intangible assets, value, value outperformance and its sustainability within a sample of public Japanese firms. Results suggest that intangibles are positively related to either firm's value (R&D intensity and human capital) or value outperformance (R&D intensity and advertising intensity). Besides, our findings also suggest that intangible investments above industry average (human capital) increase the odd of being an outperformer firm.

Keywords: resource-based view; intangible assets; firm value; value outperformance; outperformance sustainability; Japan; market signalling; R&D intensity; research and development; human capital; advertising intensity. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ids:injams:v:1:y:2008:i:1:p:55-74

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