Intangible assets : valuation and economic benefit /

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Bibliographic Details
Author / Creator:Cohen, Jeffrey A., 1964-
Imprint:Hoboken, N.J. : Wiley, ©2005.
Description:1 online resource (xiii, 161 pages) : illustrations.
Language:English
Series:Wiley finance series
Wiley finance series.
Subject:Intangible property -- Economic aspects.
Intangible property -- Accounting.
Corporations -- Valuation.
BUSINESS & ECONOMICS -- Corporate Finance.
BUSINESS & ECONOMICS -- Finance.
Corporations -- Valuation.
Intangible property -- Accounting.
Electronic books.
Electronic books.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11159174
Hidden Bibliographic Details
ISBN:0471720151
9780471720157
0471671312
9780471671312
1280255013
9781280255014
1118160932
9781118160930
9786610255016
6610255016
Digital file characteristics:data file
Notes:Includes bibliographical references (pages 147-149) and index.
English.
Print version record.
Summary:"This book presents a comprehensive framework for thinking about all intangible assets, from patents to education, from brands to goodwill. It is not confined to assets that can be bought or sold, although that is sometimes a useful distinction to make. The scope is wide: Many things are intangibles, and at least a reasonable attempt should be made to capture the important ones in valuation. This book presents the concept of a firm's portfolio of intangible economic benefits -- PIE-B, for short -- a basket that includes items not listed in the firm's accounting records and often overlooked by valuation analysts. What goes into the basket are a little like proto-assets -- nebulous to a degree, but still based on some positive ownership and economic benefit."--Preface, p. xii.
Other form:Print version: Cohen, Jeffrey A., 1964- Intangible assets. Hoboken, N.J. : Wiley, ©2005 0471671312
Table of Contents:
  • Preface
  • Acknowledgments
  • Chapter 1. Introducing Intangibles
  • How This Book Is Organized
  • What Is Valuation Anyway?
  • Chapter 2. History and Taxonomy
  • Types of Intangible Assets
  • Identifiable Intangibles
  • Unidentifiable Intangible Assets
  • Liabilities
  • What Is Not an Intangible Asset
  • Summary
  • Additional Resources
  • Chapter 3. Theory of and Research on Intangible Assets
  • Some Economic Characteristics of Intangibles
  • Growth in Intangible Assets
  • Researching the Value of Intangible Assets
  • Summary
  • Chapter 4. Accounting for Intangibles
  • Identifiable and Unidentifiable Intangible Assets
  • To Expense or Capitalize
  • Goodwill Paradox: Why Ever Pay More than Fair Value?
  • Summary
  • Chapter 5. Portfolio of Intangible Economic Benefits (PIE-B)
  • Proto-Assets
  • Introducing the PIE-B
  • Perspectives on the PIE-B
  • Summary
  • Chapter 6. Income Approach and Intangibles
  • Steps to the Income Approach
  • Present Value Formula
  • Estimating the Discounted Cash Flows
  • Soda Machine as Proto-Asset?
  • Discussion
  • Income Approach and Intangibles
  • Options Model
  • Summary
  • Appendix to
  • Chapter 6.
  • Chapter 7. Market Approach and Intangibles
  • Introduction to the Market Approach
  • Some Features of the Market Approach
  • Elasticity: A Useful Economic Concept
  • Comparable Firms
  • Unidentifiable Intangibles and Comparables
  • Summary
  • Appendix: Sources for Comparables
  • Chapter 8. Cost Approach and Intangibles
  • Original Cost
  • Book Cost
  • Replacement Cost
  • Summary
  • Chapter 9. Intangible Assets and Litigation
  • Panduit Test
  • Market Definition
  • Georgia Pacific Factors
  • Trade Secret Framework
  • Famous Dilution
  • Summary
  • Chapter 10. Intangible Assets: Strategy and Securitization
  • Bowie Bonds
  • Identification
  • Dynamic Securitization
  • Extension
  • Off-Balance Sheet Intangibles
  • Insecurity-The Case of the Recording Industry
  • Summary
  • Chapter 11. Conclusion
  • Toward a Theory of Ephemeral Assets
  • Summary
  • Additional Resources
  • Notes
  • References
  • Index
  • About the Author