Despite the now widely recognized importance of intangible assets and intellectual capital, they still appear to be poorly understood by both academics and practitioners. Indeed, the necessity for adopting a fresh approach to their reporting, measurement and management is today generally clear and accepted. This book gives room to new perspectives which broaden the scope and depth of the investigation, whilst also opening up innovative methods and opportunities for practice.
'This is an impressive book, which offers a deeper understanding of reporting on and accounting for intangibles as key value drivers. It provides a wide variety of perspectives on measuring, disclosing and reporting on intellectual capital, both on a micro and macro level, and includes discussion of opportunities such as XBRL and Real Options Theory.' Leif Edvinsson, Lund University, Sweden
Contents: Introduction: Visualising the invisible: measuring and reporting on intangibles and intellectual capital, Stefano Zambon and Giuseppe Marzo. Part 1 Measurement and Reporting Issues: Regulatory changes in accounting for goodwill and intangible assets: a study of their first impact on European companies listed on US markets, Stefano Zambon and Vania Crosara; Intangibles and real options theory: a real measurement alternative?, Giuseppe Marzo; Intangible assets: the next accounting frontier, David W. Young; IC statement vs. environmental and social reports: an empirical analysis of their convergences in the Italian context, Michela Cordazzo. Part 2 Disclosure on Intangibles: Value Relevance, Scoring and Rating: On the informational usefulness of R&D capitalization and amortization, Baruch Lev, Doron Nissim and Jacob K. Thomas; Scoring company disclosure on intangibles: an application of an innovative methodology in a European perspective, Stefano Zambon and Ilaria Bergamini; Credit rating and intangible assets: a preliminary inquiry into current practices, Adele Del Bello. Part 3 New Perspectives on the Measurement and Reporting of Intangibles: XBRL as a new language for business and intangibles reporting, Kurt P. Ramin; The neglected intangible asset: organizational power in the knowledge economy, Giovanni Masino; Intangibles and performance measurement systems in opera houses: case studies from Italy and the UK, Fabio Donato; Macro indicators of intangible assets and economic policy, Patrizio Bianchi and Sandrine Labory. Index.