This Handbook provides a comprehensive analysis of intangibles, focusing on their reporting, disclosure and valuation. Highlighting the critical role of intangibles in business and economic growth, it underscores their widespread and pervasive presence and significance in the strategy, management and development of organizations.
This Handbook provides a comprehensive analysis of intangibles, focusing on their reporting, disclosure and valuation. Highlighting the critical role of intangibles in business and economic growth, it underscores their widespread and pervasive presence and significance in the strategy, management and development of organizations.
Adopting an original and innovative perspective, the Handbook collects 36 contributions that illustrate and critically discuss evidence and standpoints from diverse stakeholders, including policymakers, standard setters, international institutions, professionals and academics, taking into account micro and macro viewpoints. They argue that in a global digital economy, the ability to fund, reward and sustain innovation hinges on the visibility of the intangible assets driving it. Chapters examine several key areas concerning these resources, covering their accounting treatment, reporting and disclosure requirements, including sustainability, the associated risks and impacts, and the implications of digitization. The Handbook emphasizes that the effective management of intangibles is not only a matter of disclosure, but ultimately a matter of economic governance.
The Handbook on Intangibles is an essential reference for scholars and students in the fields of economics, banking and accounting. It is also of great benefit to investors, financial analysts and accounting and valuation professionals interested in the function and practice of intangibles.
Arvustused
I think this is an absolutely recommendable work as a flagship for a multi-perspective Handbook on intangibles. It illustrates and discusses the topic of intangibles from various perspectives, ranging from accounting, reporting, risks, human capital, and digitization to valuation, in a very structured and comprehensive manner. -- Friedrich Mostböck, President of the European Federation of Financial Analysts Societies (EFFAS)
Contents
1 Intangibles accounting, disclosure and valuationrationale, convergences
and perspectives: an introduction 1
Stefano Zambon and Laura Girella
PART I ACCOUNTING FOR INTANGIBLES
2 The harmful accounting for intangibles: response to adherents of the
status
quo 23
Baruch Lev
3 100 years of US GAAP for intangible items 37
Christine A. Botosan, Jeffrey Mechanick, and Joy Sy
4 Does capitalization of acquired in-process R&D convey information in the
pricing process? 64
Dimos Andronoudis and Luminita Enache
5 Intangibles, firm value, and accounting relevance in COVID-19 90
Feng Gu
6 How could financial reporting evolve to provide better information about
intangibles used in the entitys operations? 120
Chiara Del Prete
7 An accounting for intangible assets that informs valuation 143
Richard Barker and Stephen Penman
8 Is this the end of intangibles? Re-framing the challenge of accounting for
intangible assets 152
Alan Teixeira
9 Social costs and intangibles 173
Mario Abela
10 Impact accounts as a key input into accounting for intangibles 184
T. Robert Zochowski
PART II REPORTING AND DISCLOSURES ON INTANGIBLES
11 R&D disclosure in the annual report: empirical evidence from automotive
and pharmaceutical companies 196
Alberto Quagli, Elisa Roncagliolo, and Lorenzo Simoni
12 Intangibles and equity investors 219
Jan Marton and Catalin Starica
13 A critical analysis of the contribution of Integrated Reporting to the
recognition of intangibles 236
Ruth Dimes and Charl de Villiers
14 Disclosure of intangibles through Integrated Reporting: non-financial
capital and climate risk management 250
Alexandre Garcia, Davi Ciasca, José Roberto Kassai, Solange Garcia,
Ticiane Santos, and Vania Borgerth
15 The evolution of Intellectual Capital reporting: a trust-based perspective
263
Maria Serena Chiucchi, Marco Giuliani, and Stefano Marasca
16 The relational capital along the supply chain: insights from
sustainability
reporting disclosures 281
Mariella Colantoni, Alessandro Lai, and Riccardo Stacchezzini
17 The new EU sustainability framework vis-à-vis integrated reporting and
intangibles: a systematic perspective 299
Alessandro dEri and Valerio Novembre
18 Making visible the invisible: intangibles, ESG and tax 312
Eelco van der Enden and Bronte Klein
19 Corporate governance, ESG and sustainability: the underexplored role of
green trade marks 327
Janice Denoncourt
20 A glance at reporting on intangible assets and resources from a German
perspective 350
Georg Lanfermann and Kristina Schwedler
21 Japanese journey on intangibles as the key factor of value creation for a
company 359
Takayuki Sumita
PART III INTANGIBLES AND RISKS
22 Intangible value and risks: regulation requirements, valuation practices
and
ways forward a better risk awareness within valuation reports 396
Véronique Blum
23 Understanding risks related to intangibles and knowledge for sustainable
business development 442
Susanne Durst
PART IV HUMAN CAPITAL AS AN INTANGIBLE: DIFFERENT PERSPECTIVES
24 Accounting and reporting for human capital in a public healthcare
organization: do they promote effective human capital management to
achieve social sustainability? 456
Caterina Cavicchi and Emidia Vagnoni
25 Integration of intangible assets by investors: application to human
capital 470
Jean-Philippe Desmartin and Elise de Coligny
26 Talking about human capital or not: lessons from the French experiment
of integrated reporting on the period 20142020 489
Stéphane Trébucq and Francis Gonzalez
PART V DIGITISATION AND INTANGIBLES
27 Potential impact of the digital economy on accounting: the challenge of
intangible assets recognition 507
Anne Jeny
28 Uncovering the hidden value of intangibles: a constructive de- and
reconstruction 529
Isabella Miller and Robert Obermaier
PART VI VALUATION AND MEASUREMENT OF INTANGIBLES
29 Does the Value Added Intellectual Coefficient (VAIC) add value to the IC
research and practice? 547
Giuseppe Marzo
30 Valuation of intangible assets: an artistic science 569
André Gorius
31 Measuring stakeholder value: a globally integrated approach 583
Philip Sugai
32 The IVSCs perspective on the valuation and measurement of intangible
assets 602
Nicolas Konialidis and Richard Stewart
33 WIPOs action plan on intangible asset finance 622
Allison Mages, Michael Kos, and Anca Ciurel
34 The value of data in the economy 641
Simon Lange and Vincenzo Spiezia
35 Quantifying the value of data has profound implications for organizations
669
Sunil Soares and Matt Noll
36 The value contribution of a corporate brand: evidence from Bayer AG 689
Manfred Schwaiger, Sven Theobald, Wolfgang Stippler, and Sascha Raithel
Edited by Stefano Zambon, Professor of Business Economics, Department of Economics and Management, University of Ferrara and Laura Girella, Associate Professor of Business Economics, Department of Economics 'Marco Biagi', University of Modena and Reggio Emilia, Italy
