Essays about: "Intangible Investments"
Showing result 1 - 5 of 32 essays containing the words Intangible Investments.
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1. Value Relevance of Capitalized Intangibles
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This study aims to examine the value relevance of different accounting treatments of intangibles. We investigate the immediate expensing of intangible investments in Research and Development (R&D) and Selling, General, and Administrative (SG&A) and, by using methods that attempt to adjust financial statements, we investigate if capitalizing these investments results in a measure with higher value relevance. READ MORE
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2. The Missing Ingredient: How to improve value investing in the information age
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This thesis aims to inform a value investing strategy in specific niches of European firms by adjusting the book-to-market (B/M) ratio for intangible assets. An increase in intangible assets' importance for corporate value creation coupled with a lack of amendments to their accounting treatment has led to debates on the value relevance and accuracy of accounting information, including the B/M ratio used to derive value premiums. READ MORE
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3. Revisiting Tobin's Q: Integrating Intangible Capital into the Neoclassical Framework
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper seeks to replicate and extend the seminal work of Peters and Taylor (2017) on the relationship between intangible capital and the investment q ratios. Our study spans 1975 to 2021, investigating dynamics in firms' physical and intangible investments. We examine data from 1975 to 2021. READ MORE
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4. Can a modern value definition save a struggling investment strategy? A study on the performance of the F-Score when adjusting book-to-market equity for intangibles
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : Studies have found that the immediate expensing of intangible investments has understated the book-to-market metric, which has caused a substantial misclassification of value and glamor stocks in the new economy. This has coincided with a deteriorating performance of Piotroski's F-score, which aims to identify winning stocks among the value group by considering financial signals relevant to these stocks. READ MORE
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5. Private Equity and Local Industry: Estimating the Spillover Effects of Private Equity Buyouts on Local Industry Peers
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : The impact of private equity (PE) buyouts on stakeholders, especially peer firms, has so far received little attention in the literature. This is surprising given the extensive research on the effects on funds and target firm performance. READ MORE
