20.500.12556/RUL-172666 Intangibles from intangible capital work their valuation and technological change The paper explores the relationship between intangibles, technological change, and multifactor productivity (MFP) in four coun- tries: Finland, Denmark, Norway, and Slovenia, between 2007 and 2019. An innovative approach using linked employer–employee data is employed to measure firm-level intangible assets within the areas of research and development (R&D), organizational capital (OC), and information and communication technology (ICT). Building on this, we introduce an Intangible-Biased Techno- logical Change (IBTC) approach that measures the effective use and quality of R&D and organizational capital work. The results show that both intangibles and industry-specific IBTC contribute to higher MFP in the Nordic countries. IBTC is associated with growing productivity disparities among firms within the same industry. Nevertheless, we also find that R&D enhances absorp- tive capacity, leading to positive spillovers in inter-industry relationships, and that R&D-IBTC can also narrow differences in productivity between various industries. technological development organizational structures intangible capital organizational change productivity dispersion R&D technological change tehnološki razvoj nematerialne naložbe organizacijske strukture true false true Angleški jezik Slovenski jezik Članek v reviji 2025-09-10 13:48:59 2025-09-10 13:54:07 2025-10-18 03:59:49 0000-00-00 00:00:00 2025 0 0 21 str. iss. 2, article no. 70017 Vol. 71 May 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 658.152 0034-6586 10.1111/roiw.70017 234726147 Review_of_Income_and_Wealth_-_2025_-_Piekkola_-_Intangibles_From_Intangible_Capital_Work__Their_Valuation_and_Technological.pdf Review_of_Income_and_Wealth_-_2025_-_Piekkola_-_Intangibles_From_Intangible_Capital_Work__Their_Valuation_and_Technological.pdf 1 2E9B99AB746FA5B93645DBB5983B75EA aeb2319a59774015837e7114da989f210160ac245bbf0c15b95e900bfdc51827 456556d8-8e3c-11f0-9328-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=216660 https://onlinelibrary.wiley.com/doi/10.1111/roiw.70017 0 4a900549-8e3c-11f0-9328-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=216661 Ekonomska fakulteta 0 0 0