Intangible assets and their impact on economic performance

Bavdaž, Mojca (author), Caloghirou, Yannis (author), Dimitrić, Mira (author), Protogerou, Aimilia (author)

The paper introduces the topic of intangible assets. It describes the evolution of the concept of intangible assets and the role of these assets in today’s economy. The importance of intangible assets is highlighted through many quantitative estimates of the impact that intangible assets have on economic performance. After reviewing research carried out mainly in the Western economies, the paper concentrates on the research covering the size and impact of intangible investment in the Central and Eastern European (CEE) and Balkan countries. Moreover, the focus shifts to the firm level where the management of intangible assets faces several challenges that range from identification and valuation of intangible assets to leadership of knowledge-intensive firms. Progress at all levels is to some extent hampered by the lack of adequate data, which should be addressed by establishing a standard definition and ensuring more data on intangibles within financial reporting. Bold steps should therefore be made towards better measurement of intangible investment and better use of this source of productivity growth.

• Language: English
• Keywords: intangible assets, productivity, economic growth, Central and Eastern Europe, the Balkans, intangibles, growth, CEE, Balkan
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Publication date: 15.09.2022
• Year: 2022
• Number of pages: Str. 143-151
• Numbering: Vol. 24, iss. 3 (art. 2)
• PID: 20.500.12556/RUL-143646
• UDC: 338.1
• ISSN on article: 2335-4216
• DOI: 10.15458/2335-4216.1308
• COBISS.SI-ID: 121642499
• Publication date in RUL: 05.01.2023

Record is a part of a journal

• Title: Economic and business review
• Publisher: Ekonomska fakulteta
• ISSN: 2335-4216
• COBISS.SI-ID: 268649216

Licences

• License: CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
• Link: http://creativecommons.org/licenses/by-nc-nd/4.0/
• Description: The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.

Secondary language

• Language: Slovenian
• Keywords: nematerialne naložbe, produktivnost, ekonomska rast, srednja in vzhodna Evropa, Balkan

Projects

• Funder: EC - European Commission
• Funding programme: H2020
• Project number: 822259
• Name: Capturing the value of intangible assets in micro data to promote the EU's growth and competitiveness
• Acronym: GLOBALINTO

• Funder: Other - Other funder or multiple funders
• Funding programme: University of Rijeka
• Project number: uniri-drustv-18-166