Ending the Accounting-for-Intangibles Status Quo

TL;DR: In this article, the authors show that firms with higher levels of organizational capital exhibit higher tax avoidance and that shareholders view tax avoidance of high organizational capital firms as value-enhancing.

TL;DR: In this paper, the authors estimate a capitalization model using market prices of intangibles to estimate the parameters of the capital accumulation process, and subject these parameters to an extensive set of validation tests that compare them with stocks estimated using existing parameters.

TL;DR: In this paper, the authors focus on the usefulness of voluntarily provided corporate reputation disclosures (CRDs) and examine their impact on stakeholders' attitudinal and behavioral outcomes, finding that CRDs reduce stakeholders' information asymmetries, which positively affects perceived organizational performance and corporate reputation as well as stakeholders' purchase, investment, and employment intentions.

TL;DR: In this paper, the authors present a practical approach to evaluate brand strength using discrete choice experiments and estimation techniques that allow for the calculation of the value of brands as financial assets, which can allow companies to align marketing and finance around internal investments and provide outside investors with much needed financial information.

TL;DR: In this paper, the authors add intangible capital to the standard sources-of-growth framework used by the BLS, and find that the inclusion of our list of intangible assets makes a significant difference in the observed patterns of U.S. economic growth.

TL;DR: In this article, a survey of CFOs of public companies and interviews with 12 CFO and two standard setters was conducted to understand their views on the quality of their own earnings.

TL;DR: In this article, the authors examine a sample of 8,313 cases, between 1951 and 2001, where firms unexpectedly increase their research and development (R&D) expenditures by a significant amount, and find consistent evidence of a misreaction, as manifested in the significantly positive abnormal stock returns that their sample firms' shareholders experience following these increases.

TL;DR: This paper showed that Tobin's q explains physical and intangible investment roughly equally well, and it explains total investment even better than physical investment at the firm level, compared with physical capital, which adjusts more slowly to changes in investment opportunities.