The paper proposes a new methodology for evaluating the market value of firms (QuIC - Quantitative Intellectual Capital-based methodology for Firm Valuation) that considers Intellectual Capital (IC) as an important factor that can influence the overall value. Findings show that this approach gives a more fair evaluation able of taking account of the "hidden" value that could remain unconsidered when applying "traditional" valuation approaches. In fact, findings demonstrated that, from a financial standpoint, the difference between DCF and QuIC evaluation can be recognised as the worth of intellectual capital assets.

The QuIC: Quantitative intellectual capital-based methodology for firm valuation

Iazzolino G.
;
Migliano G.;
2019-01-01

Abstract

The paper proposes a new methodology for evaluating the market value of firms (QuIC - Quantitative Intellectual Capital-based methodology for Firm Valuation) that considers Intellectual Capital (IC) as an important factor that can influence the overall value. Findings show that this approach gives a more fair evaluation able of taking account of the "hidden" value that could remain unconsidered when applying "traditional" valuation approaches. In fact, findings demonstrated that, from a financial standpoint, the difference between DCF and QuIC evaluation can be recognised as the worth of intellectual capital assets.
2019
Discounted cash flow; Financial performances; Intellectual capital; Market value
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11770/302122
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