Assessing and managing risk is vitally important, and is increasingly studied in a range of areas including politics and international relations, finance and insurance, and innovation and the valuing ...of intangible assets such as patents and intellectual property. The degree to which innovation is encouraged or otherwise - a key factor for many businesses - depends in part on the attitude towards risk in the context in which it takes place.
Taplin considers the different attitudes towards risk and innovation, and the different ways in which risk and innovation are handled, in Japan, Britain the USA. Providing a broad and detailed examination of the subject, she discusses topics including risk management standards, managing risk in marketing, the insurance industry, patents, and in venture capital, and of how risk management in organizations has evolved.
This book asserts that intangibles create financial transactions, not vice versa. It offers distinct, reproducible methods of valuing intangibles in intangible forms, with associated and meaningful ...financial values. It also presents new management frameworks in which all forms of intangibles can be classified, measured, managed, and reported.*A practical, hands-on guide to a new approach to valuing intangibles *Progresses from simple to complex, using case studies that begin with short simple cases and progress to comprehensive real-life case studies *Highlights the distinction between what is currently required by law and what is not required but will give firms a competitive edge
Environmental, social and governance (“ESG”) scores have been widely touted as indicators of share price resilience during the COVID‐19 crisis. Contrary to this conventional wisdom, we present robust ...evidence that once industry affiliation, market‐based measures of risk and accounting‐based measures of performance, financial position and intangibles investments have been controlled for, ESG offers no such positive explanatory power for returns during the COVID crisis. Specifically, ESG is insignificant in fully specified returns regressions for each of the Q1 2020 COVID market crisis period and for the full COVID year of 2020. By contrast, a measure of the firm's stock of investments in internally generated intangible assets is an economically and statistically significant positive determinant of returns during each of the Q1 market implosion and full 2020 COVID year periods. Our results are robust to alternative measures of returns, as well as for using Refinitiv, Refinitiv II and MSCI data to capture ESG performance. We conclude that ESG did not immunize stocks during the COVID‐19 crisis, but those investments in intangible assets did.
As over half the assets of many major companies are now intangible assets, there is an increasing need to assess more accurately the value of intellectual property (IP) from a wider interdisciplinary ...perspective. Re-evaluating risk and understanding the true value of intellectual property is a major problem, particularly important for business practitioners, including business analysts and investors, venture capitalists, accountants, insurance experts, intellectual property lawyers and also for those who hold intellectual property assets, such as media, publishing and pharmaceutical companies, and universities and other research bodies. Written by the foremost authorities in the field from Britain, Japan and the US, this book considers the latest developments and puts forward much new thinking. The book includes thorough coverage of developments in Japan, which is reviewing the value of IP at a much quicker pace than any other country and is registering ever-increasing numbers of patents in the course of inventing its way out of economic inertia.
Ruth Taplin is Director of The Centre for Japanese and East Asian Studies and Editor of the Journal of Interdisciplinary Economics , Research Fellow, Birkbeck College, University of London and The University of Leicester. She is the author/editor of nine books and has written special reports for The Times
List of contributors Preface Acknowledgements 1. Introduction 2. Technology Transfer from US Universities: The need to value IP at the point of commercialisation 3. The Role of Entrepreneurship and Venture Business in Redefining the Value of Intellectual Property in Japan 4. Understanding how IP is Valued in Japan in Relation to Medicine 5. Intellectual Property Litigation, Liability Insurance, Issues and Solutions 6. Protection of Intellectual Property Value/Revenue and the Insurance Solution 7. Standardisation and Patent Pools in Japan: Its effect on valuing IP and limits under competition law 8. Re-defining Brand Valuation within the Japanese Context 9. Japanese Patent Publications as a Source of Information Appendix: New Challenges for the Japanese National Universities in the IPR Management and Spin-off Ventures Index
"This book, written by the foremost authorities in the field ... considers the latest developments and puts forward much new thinking. Because of its interdisciplinary approach ...it will be of great interest to business practitioners, analysts, venture capitalists, accountants, insurance experts, the IP lawyers as well as those who hold intellectual property assets" - Technology Enterprise
"Ruth Taplin has compiled a stimulating, and in many respects ground-breaking, book which comprehensively covers a topic of vital imporatnce to the rapidly evolving global economy." - japansociety "The valuing of intellectual property is an art not a science and this stimulating book is a must read for all those involved or connected to intellectual property and its valuation in any form" - Sean Curtin, Japan Book Review, January 2006
Nonprofit organizations (NPOs) promote citizens' participation in community life through several different kinds of organizations: some more informal (such as associations and volunteering groups), ...others more formal or public (such as charities and foundations). This heterogeneity, as well as the well-known peculiarities of NPOs when compared to profit and public ones, poses new challenges to their management. In the constant need to find balance between financial constraints and social value, a main resource for NPOs is the management of intangible assets, such as knowledge, positive relationships within the organization and with users, external image, loyalty and commitment, and so on. From the literature on for-profit organizations, it is well known that proper management of intangible assets improves an organization's sustainable competitive advantage, not only by enhancing its members' affiliation and commitment but even by enhancing their productivity. This is particularly relevant when taking into account the main role of volunteers in the third sector. Volunteers, indeed, show different job attitudes and organizational behaviors than paid employees, as their membership and accountability are less formalized and they frequently lack a proper teamwork, due to the high volunteer turnover. At the same time, from the managers point of view, managing volunteers and paid workers require higher skills and competencies than managing human resources in for-profit organizations. Developing these reflections and considerations, we aim to conduct a systematic literature review on the association between intangible assets and performance in NPOs. The literature will be conducted following the indications from the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) statement. It provides an evidence-based minimum set of items to be included in the review, as well as a workflow to properly manage and choose the papers to be included. The authors conducted the research using EBSCO, ProQuest, and Scopus databases.
1. This book takes an ethnographic approach to UNESCO, providing readers a global perspective on folklore/intangible cultural heritage. As such it studies cultural diplomacy through/in the field of ...folklore. This accessibly and engagingly written collection of articles is written by internationally known folklorist, Valdimar Tr. Hafstein. 2. In addition to being a trained academic, the author is the Former Chair of Iceland's National Commission for UNESCO, NGO observer at WIPO (World Intellectual Property Organization), and former president of the International Society for Ethnology and Folklore (SIEF). 3. The project is threefold: 1) it explores the meetings, conventions, and decisions that led to UNESCO's Intangible Heritage Convention; 2) it calls on the discipline of folklore to study the everyday in institutions of power as well as in places that lack power; 3) it examines how folklore concepts get used and interpreted outside of the academy and how those concepts work (or don't work) and impact global ideas of heritage.
We propose a new method to estimate intangible investment outlays, other than expenditures on advertising and research and development, that are reported on a commingled basis with operating expenses ...in the selling, general, and administrative category of expenses. These outlays, aimed at improving organizational knowledge and capabilities, are the largest category of intangible investments and the fastest-growing category of operating investments. They affect future firm performance and risk. Predictability of future earnings and stock returns improves when these outlays are distinguished from operating expenses. Thus, benefits could accrue from reporting them separately.
The SAS program to divide MainSG&A into investment and consumption portions is available at
https://doi.org/10.1287/mnsc.2017.2769
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This paper was accepted by Suraj Srinivasan, accounting.
As an important part of the cultural industry, small and medium-sized online game enterprises undertake the functions of technological innovation, employment absorption and cultural cultivation. ...However, the lack of credit ability restricts the financial development of such enterprises. To solve the financing problem of online small and medium-sized game enterprises, this paper firstly uses the information of intangible assets to identify their credit ability, and considers that the information of intangible assets is a problem worthy of attention in evaluating credit risk. Secondly, the intangible assets information disclosure index, the revenue sharing contract of credit synergy and the dynamic game mechanism are constructed to study the importance of the intangible assets index and the evolution of the dynamic game. Finally, the empirical study shows that the intangible assets of delisting and special treated online game small and medium-sized enterprises still have value, this type of enterprise and credit suppliers have the behavior of seeking advantages and avoiding disadvantages. Therefore, credit synergy should be constructed and government regulation should be implemented.
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