Journal of Accounting and Management Information Systems (JAMIS)

Intangible assets analysis and valuation. Romanian listed companies intangible value - case study

Supp/2006 ,   p631..637


Keywords:   intangible assets, intellectual capital, analysis and valuation, valuation methods

Today the intellectual capital is a key factor in company’s profitability. Two major forces have driven the high performance workplace over the past two decades: globalization and increasing in technological changes. In this environment, the intellectual capital and intangible assets is fundamental to success. In the new economic competition, knowledge assets provide a sustainable competitive advantage. The measurement is fundamental to support management decision in allocation investment and investor’s decision regarding the value versus price. In our research we considered a group of Romanian listed companies and trying to understand the importance of intangible value into the total market value of the equity. From accounting point of view the importance of intangible assets is very low but from the market evidence was indicated importance of intangible value in total market to 47% in 2005 for the Romanian listed companies.