The increasing gap between market and book value allows us to understand that firms’ value is based not only on physical but also on intangible assets. Intellectual capital resources are very important, especially in knowledgeintensive but also in capital-intensive industries. The main aims of this work are: (1) to propose a methodology based on the value added components, starting from Pulic’s point of view (Pulic, 1998; 2000; 2008), which is able to discriminate between knowledge-intensive and capital-intensive industries; (2) to investigate the relationship between intellectual capital efficiency and market value (and between physical capital efficiency and market value) for firms belonging to both knowledge and capital-intensive sectors.
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|Titolo:||Capital Efficiency and Market Value in Knowledge and Capital Intensive Firms: an Empirical Study|
|Data di pubblicazione:||2013|
|Citazione:||Capital Efficiency and Market Value in Knowledge and Capital Intensive Firms: an Empirical Study / Iazzolino, Gianpaolo; Migliano, G; Forgione, R; Girimonte, M.. - In: INVESTMENT MANAGEMENT & FINANCIAL INNOVATIONS. - ISSN 1810-4967. - 10:2(2013), pp. 147-157.|
|Appare nelle tipologie:||1.1 Articolo in rivista|