..., the study finds that the discounted cash-flow valuation of pharmaceutical patents is value-relevant. Second, the value of pharmaceutical patents explains market value better than reported intangible assets but not R&D capital. However, the valuation of pharmaceutical patents is more consistent...

...Marco Giuliani; Stefano Marasca Purpose The aim of this study is to reflect on how the specific nature of intellectual capital influences the valuation process, in practice, and how it impacts on some of the qualities of its value. Design/methodology/approach This study is based on a case...

...Nir Kossovsky Intellectual property (IP), a significant source of intangible value, has been felt by some to be resistant to fair valuation and more amenable to estimations of intrinsic value. With the recently issued Financial Accounting Standards Board guidelines for IP that promote fair...