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Measuring intangible assets-A review of the state of the art

Publikation: Bidrag til tidsskrift/Konferencebidrag i tidsskrift /Bidrag til avisReviewForskningpeer review

Standard

Measuring intangible assets-A review of the state of the art. / Van Criekingen, Kristof; Bloch, Carter Walter; Eklund, Carita Mirjami.

I: Journal of Economic Surveys, 03.11.2021.

Publikation: Bidrag til tidsskrift/Konferencebidrag i tidsskrift /Bidrag til avisReviewForskningpeer review

Harvard

Van Criekingen, K, Bloch, CW & Eklund, CM 2021, 'Measuring intangible assets-A review of the state of the art', Journal of Economic Surveys. https://doi.org/10.1111/joes.12475

APA

Van Criekingen, K., Bloch, C. W., & Eklund, C. M. (2021). Measuring intangible assets-A review of the state of the art. Journal of Economic Surveys. https://doi.org/10.1111/joes.12475

CBE

MLA

Van Criekingen, Kristof, Carter Walter Bloch og Carita Mirjami Eklund. "Measuring intangible assets-A review of the state of the art". Journal of Economic Surveys. 2021. https://doi.org/10.1111/joes.12475

Vancouver

Van Criekingen K, Bloch CW, Eklund CM. Measuring intangible assets-A review of the state of the art. Journal of Economic Surveys. 2021 nov. 3. https://doi.org/10.1111/joes.12475

Author

Van Criekingen, Kristof ; Bloch, Carter Walter ; Eklund, Carita Mirjami. / Measuring intangible assets-A review of the state of the art. I: Journal of Economic Surveys. 2021.

Bibtex

@article{d5d84685d8fb45fba42bab27f14696aa,
title = "Measuring intangible assets-A review of the state of the art",
abstract = "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.",
keywords = "intangibles, literature review, measurement, INTELLECTUAL CAPITAL DISCLOSURE, PRODUCTIVITY GROWTH, INVESTMENT, ECONOMY, ICT, INFORMATION, TECHNOLOGY, MODELS, EU",
author = "{Van Criekingen}, Kristof and Bloch, {Carter Walter} and Eklund, {Carita Mirjami}",
year = "2021",
month = nov,
day = "3",
doi = "10.1111/joes.12475",
language = "English",
journal = "Journal of Economic Surveys",
issn = "0950-0804",
publisher = "Wiley-Blackwell Publishing Ltd.",

}

RIS

TY - JOUR

T1 - Measuring intangible assets-A review of the state of the art

AU - Van Criekingen, Kristof

AU - Bloch, Carter Walter

AU - Eklund, Carita Mirjami

PY - 2021/11/3

Y1 - 2021/11/3

N2 - 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.

AB - 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.

KW - intangibles

KW - literature review

KW - measurement

KW - INTELLECTUAL CAPITAL DISCLOSURE

KW - PRODUCTIVITY GROWTH

KW - INVESTMENT

KW - ECONOMY

KW - ICT

KW - INFORMATION

KW - TECHNOLOGY

KW - MODELS

KW - EU

UR - http://www.scopus.com/inward/record.url?scp=85118435317&partnerID=8YFLogxK

U2 - 10.1111/joes.12475

DO - 10.1111/joes.12475

M3 - Review

JO - Journal of Economic Surveys

JF - Journal of Economic Surveys

SN - 0950-0804

ER -