Measuring Capital in the New Economy

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Corporate Real Estate Holdings and the Cross-Section of Stock Returns (2010, neutral): “A somewhat related line of literature is concerned with intangible capital (Hall 2001; Cummins 2003; Li 2004; Atkeson and Kehoe 2005; Hansen, Heaton, and Li 2005).”
Intangible Capital and the Investment-q Relation (2017, background): “Conceptually, spending on intangible assets qualifies as a capital investment, because it reduces current cash flow to increase future cash flow (Corrado, Hulten, and Sichel, 2005, 2009).”
Organization Capital and Mergers and Acquisitions (2017, positive): “Following the accounting literature (see, e.g., Lev and Radhakrishnan (2005), Eisfeldt and Papanikolaou (2013)), we measure a firm’s stock of organization capital using capitalized selling, general, and administrative (SG&A) expenses, a large part of which consists of expenses related to…”
Labor Share Decline and Intellectual Property Products Capital (2020, methodology): “, software, R&D and artistic originals) than Corrado et al. (2009) and their updates, we use the BEA series for these forms of intangible capital. We find minor differences between these two sources: Software in the BEA tends to be smaller and R&D tends to be larger than their counterparts in Corrad”