Evaluating Intangible Assets: The Measurement of R&D Performance

24 Pages Posted: 30 Jul 2001

See all articles by Enzo Baglieri

Enzo Baglieri

SDA Bocconi

Vittorio Chiesa

Politecnico di Milano

Alberto Grando

SDA Bocconi; Bocconi University - Department of Management and Technology

Raffaella Manzini

Cattaneo University, Castellanza

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

Baglieri, Vincenzo (Enzo) and Chiesa, Vittorio and Grando, Alberto and Manzini, Raffaella, Evaluating Intangible Assets: The Measurement of R&D Performance (March 2001). Research Division Working Paper No. 01/49. Available at SSRN: https://ssrn.com/abstract=278260 or http://dx.doi.org/10.2139/ssrn.278260

Vincenzo (Enzo) Baglieri

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Vittorio Chiesa

Politecnico di Milano ( email )

20113 Milan, Milano
Italy
+39-02-23992761 (Phone)
+39-02-23992720 (Fax)

Alberto Grando (Contact Author)

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Raffaella Manzini

Cattaneo University, Castellanza ( email )

Corso Matteotti 22
21053 Castellanza (VA)
Italy
0039-03315721 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
3,082
Abstract Views
10,367
rank
3,561
PlumX Metrics