What is a Company Really Worth? Intangible Capital and the
By Charles R. Hulten, Xiaohui Hao. 2008
134 citations recorded by the source corpus.
Subfields: Accounting, Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/4e572cc63ac939fba830552a72a3f10e1c2f88be
Citations in the corpus
- Intangible Capital and Firms Productivity (2011, unknown): “A similar result is found by Hulten and Hao (2008) for the case of R&D intensive US firms where the value of total assets increases by 57% when R&D expenditures and organizational capital is considered in addition to conventional financial accounts.”
- Intangible Capital and the Investment-q Relation (2017, unknown): “We follow Hulten and Hao (2008), Eisfeldt and Papanikoloau (2014), and Zhang (2014) in counting only 30% of SG&A spending as an investment in intangible capital. We interpret the remaining 70% as operating costs that support the current period’s profits. Section 7 shows that our conclusions still go”
- Intangible assets and firm heterogeneity: Evidence from Italy (2014, unknown): “At the firm level, Hulten and Hao (2008) show that for US firms the value of total assets increases by 57% when R&D expenditure and intangible capital is considered in addition to conventional financial accounts.”
- Declining Labor and Capital Shares (2020, unknown): “14 See, for example, Hall (2001), Atkeson and Kehoe (2005), Hansen, Heaton, and Li (2005), Hulten and Hao (2008), Corrado, Hulten, and Sichel (2009), McGrattan and Prescott (2010), and Eisfeldt and Papanikolaou (2013).”
- The Value and Ownership of Intangible Capital (2014, unknown): “As a result, one cannot use residuals of market over book values, as in Hansen, Heaton and Li (2005) and Hulten and Hao (2008), since this will understate intangibles.”
- A capability theory of the firm: an economics and (Strategic) management perspective (2019, unknown): “The dynamic capabilities approach helps explain why intangible assets, including a firm’s collective knowledge and capabilities, have become the most valuable class of assets in a wide range of industries (Hulten & Hao, 2008).”