Measuring intangible assets : A review of the state of the art
Van Criekingen, Kristof; Bloch, Carter; Eklund, Carita (2022-10-30)
Katso/ Avaa
Tiedosto avautuu julkiseksi: : 30.10.2024
Van Criekingen, Kristof
Bloch, Carter
Eklund, Carita
Wiley
30.10.2022
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202301031291
https://urn.fi/URN:NBN:fi-fe202301031291
Kuvaus
vertaisarvioitu
©2022 Wiley. This is the peer reviewed version of the following article: Van Criekingen, K., Bloch, C. & Eklund, C. (2022). Measuring intangible assets - A review of the state of the art, which has been published in final form at http://doi.org/10.1111/joes.12475. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
©2022 Wiley. This is the peer reviewed version of the following article: Van Criekingen, K., Bloch, C. & Eklund, C. (2022). Measuring intangible assets - A review of the state of the art, which has been published in final form at http://doi.org/10.1111/joes.12475. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
Tiivistelmä
This paper presents an overview of the state of the art in the field surrounding the measurement of “intangibles” for productivity analysis. The purpose of the paper is to inform indicator development and implementation in economic analysis, both at the micro and aggregated levels. The review seeks to capture the development of intangibles measurement, which has explored a variety of directions, both in terms of definition, method and data. We characterize both the diversity of the field and its development over time. Current national and firm level accounting rules lead, from an economic viewpoint on intangibles, to both an underestimation of intangible assets and productivity growth. Further work is needed, both concerning the estimation of “technical” aspects such as depreciation rates and deflators, and in the continued testing and comparison of different measurement efforts. Many opportunities exist to aggregate across or cross-validate between the measures that are currently being used, enhancing our understanding of the properties of these measures. Even though micro-based work faces great challenges in terms of data availability, it will be important for the estimation of depreciation rates and in developing our understanding (and thereby better measurement) of broader forms of intangibles, which can thereafter inform measurement at more aggregated levels.
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