Technology Balance: Technology Valuation According to IASB's Value in Use Approach

Günther Schuh, Sascha Klapper and Christoph Haag
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Günther Schuh: Fraunhofer Institute for Production Technology IPT, Department of Technology Management, Aachen, Germany
Sascha Klapper: Fraunhofer Institute for Production Technology IPT, Department of Technology Management, Aachen, Germany
Christoph Haag: Fraunhofer Institute for Production Technology IPT, Department of Technology Management, Aachen, Germany

Chapter 7 in Management of Technology Innovation and Value Creation:Selected Papers from the 16th International Conference on Management of Technology, 2008, pp 103-117 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractUntil the early 1980s, up to 75% of the market value of a business was defined by the tangible assets that appeared on the balance sheet. In 2005, that number was less than 25%. In the course of this "intangible" dynamics, technology-related intangible assets proved to be a major value driver for many companies and thus are to be treated adequately in the financial statement. Fraunhofer IPT develops a methodology to valuate technologies according to International Financial Reporting Standards. The methodology allows for estimating a technology's future cash flows along its whole life cycle, from early stage development until late market phase. Therefore, so-called real options, that come along within the technology's remaining life cycle, have to be taken into account at each valuation point. In this chapter, the initial situation and motivation for the research project as well as the developed methodology are described in detail.

Keywords: International Trade/Business; Econometrics; Accounting Regulations; R&D Management; Environmental Engineering; Technology Transfer; Technology Strategy (search for similar items in EconPapers)
Date: 2008
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