 Intangible Assets: Value Drivers for Competitive AdvantagePankaj M. Madhani Chapter 10 in Best Practices in Management Accounting, 2012, pp 146-165 from Palgrave Macmillan Abstract: Abstract Intangible assets are becoming increasingly vital to corporations, following the global shift from an industrially powered economy towards a knowledge-based one. With the stage set for competition to be largely based on intangibles, these assets become a critical resource for firms keen to build competitive advantage. As firms move towards becoming more knowledge- and information-based, intangible assets will comprise a significant percentage of the overall value of businesses. The concept of intangible assets is not always well defined (Marr and Chatzkel, 2004). According to Epstein and Mirza (2005), intangible assets are non-financial assets without physical substance, held for use in the production or supply of goods or services or for rental to others, or for administrative purposes, which are identifiable and are controlled by the enterprise as a result of past events, and from which future economic benefits are expected to occur. Keywords: Structural Capital; Intellectual Capital; Intangible Asset; Relational Capital; Balance Scorecard (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36155-3_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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