KNOWLEDGE, ECONOMIC MODELS AND MARKET VALUE OF COMPANIES

Eugenia Iancu and Tiberiu Socaciu ()

Journal of Financial and Monetary Economics, 2014, vol. 1, issue 1, 203-209

Abstract: The direction of our research aims in essence, to propose and build some modern systems (based on decision expert systems decision, neural networks, etc.) to estimate the risk of bankruptcy of enterprises, considering the economic models already known. Made simpler, we propose that certain non-quantifiable components of the value of the business of an organization (the knowledge held, the amount of management applied, etc) to be captured and / or included in the structure of economic models aimed at predicting the risk of bankruptcy of companies. The basic idea of the research focuses on the synthetic analysis regarding the risk of bankruptcy of firms in terms of current realities that characterize the competitive environment of businesses at a global level. Today, the knowledge society and / or the knowledge economy has become a kind of vector of reporting for both business organizations and policy makers, opinion leaders and even every citizen. The so-called intangible assets of a company determine in an increasingly measure the market value of the firm but instead they are not reflected or very little reflected in the accounts entity. Acquisition and processing of new knowledge, while organizational learning have now become major directions of action for all business organizations. New knowledge are transformed by trained / qualified employees in inventions and innovations of various types that subsequently value in all markets. Otherwise, knowledge has become today an essential resource for companies, but including this asset in the structure of accounting indicators reflects major difficulties under methodological report.

Keywords: knowledge classes; bankruptcy risk; knowledge; innovation (search for similar items in EconPapers)
JEL-codes: D83 M15 M29 (search for similar items in EconPapers)
Date: 2014
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