Evaluating Intangible Assets: The Measurement of R&D Performance
24 Pages Posted: 30 Jul 2001
Date Written: March 2001
Abstract
Intangible assets are increasingly considered the ultimate roots of company's success. This paper aims to propose a method to estimate the value embedded in R&D activities, which could be used for: (i) a una tantum evaluation of a firm's value, related to specific actions such as mergers, acquisition, etc.; and (ii) a periodic evaluation, with the perspective of the economic reporting, focused to estimate the R&D shareholder value creation. The proposed framework is based on the assumption that there is a strong relationship between the R&D contribution to shareholder value and the operational performance of R&D activities. The paper describes such a framework as well as an empirical application.
Keywords: Research and development, Intangible asset, Performances measurement, R&D Evaluation
Keywords: Research and development, Intangible asset, Performances measurement, R&D Evaluation.
JEL Classification: O32, M19
Suggested Citation: Suggested Citation
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