Intangible capital, corporate valuation and asset pricing

Article, Preprint English OPEN
Danthine, Jean-Pierre; Jin, Xiangrong;
  • Subject: Intangible capital, corporate valuation, stock return volatility | coporate valuation; intangible capital; stock return volatility | intangible capital; corporate valuation; stock return volatility
    • jel: jel:G12 | jel:D24 | jel:D50

Recent studies have found unmeasured intangible capital to be large and important. In this paper we observe that by nature intangible capital is also very different from physical capital. We find it plausible to argue that the accumulation process for intangible capital... View more
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