Economic Properties of Intangible Assets.The Value Paradox

Violeta Sãcui () and Diana Sala ()
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Violeta Sãcui: West University of Timisoara, Romania
Diana Sala: West University of Timisoara, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2012, vol. 13, issue 5, 793-803

Abstract: The importance of intangible assets is the distinguishing feature of the new economy. In knowledge based economies the intangible elements of firms are becoming fundamental determinants of firm current and future competitiveness as well as of firm value and growth. Despite their evident capacity to create value a big part of intangible assets are not reflected in the firm` s balance sheets. The elements that are responsible for this situation are the economic properties of intangible assets that are different by the economic properties of tangible assets. In this working paper are presented these properties that make intangible assets investments more risky than tangible assets investments.

Keywords: investments; intangible assets; valuation; measurement; economic properties; company (search for similar items in EconPapers)
JEL-codes: G31 M21 M41 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:13:y:2012:i:5:p:793-803

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