Intangible capital and productivity: an exploration on a panel of Italian manufacturing firms
"The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usual...
Gespeichert in:
Hauptverfasser: | , |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2008
|
Schriftenreihe: | Working paper series / National Bureau of Economic Research
14108 |
Online-Zugang: | Volltext |
Zusammenfassung: | "The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually considered in empirical studies) versus intangible capitalized in firms' balance sheets (usually not considered); and in "intellectual capital" (i.e. R&D expenditures, and patenting and related costs) versus "customer capital" (i.e., advertising expenditure, and trademarks and related costs). We systematically assess the robustness of our results by using different specifications of the production functions implying different elasticities of substitution between tangible and intangible capital, and comparing different panel data estimates. Our results underscore that firms' accounting information on intangible investments is genuinely informative, showing that intangible capital and its different components are at least as productive as tangible capital"--National Bureau of Economic Research web site |
Beschreibung: | 60 S. graph. Darst. 22 cm |
Internformat
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520 | 8 | |a "The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually considered in empirical studies) versus intangible capitalized in firms' balance sheets (usually not considered); and in "intellectual capital" (i.e. R&D expenditures, and patenting and related costs) versus "customer capital" (i.e., advertising expenditure, and trademarks and related costs). We systematically assess the robustness of our results by using different specifications of the production functions implying different elasticities of substitution between tangible and intangible capital, and comparing different panel data estimates. Our results underscore that firms' accounting information on intangible investments is genuinely informative, showing that intangible capital and its different components are at least as productive as tangible capital"--National Bureau of Economic Research web site | |
700 | 1 | |a Mairesse, Jacques |e Verfasser |0 (DE-588)12947682X |4 aut | |
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Datensatz im Suchindex
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author | Bontempi, Maria Elena Mairesse, Jacques |
author_GND | (DE-588)12947682X |
author_facet | Bontempi, Maria Elena Mairesse, Jacques |
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format | Book |
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id | DE-604.BV023593987 |
illustrated | Illustrated |
index_date | 2024-07-02T22:41:32Z |
indexdate | 2024-07-09T21:25:16Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016909317 |
oclc_num | 254641664 |
open_access_boolean | 1 |
owner | DE-521 |
owner_facet | DE-521 |
physical | 60 S. graph. Darst. 22 cm |
publishDate | 2008 |
publishDateSearch | 2008 |
publishDateSort | 2008 |
publisher | National Bureau of Economic Research |
record_format | marc |
series2 | Working paper series / National Bureau of Economic Research |
spelling | Bontempi, Maria Elena Verfasser aut Intangible capital and productivity an exploration on a panel of Italian manufacturing firms Maria Elena Bontempi ; Jacques Mairesse Cambridge, Mass. National Bureau of Economic Research 2008 60 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 14108 "The paper examines the size and productivity of total intangible capital relative to total tangible capital for a large panel of Italian Manufacturing firms. In the analysis, we decompose total intangibles in two different ways: in intangibles expensed in firms' current accounts (as usually considered in empirical studies) versus intangible capitalized in firms' balance sheets (usually not considered); and in "intellectual capital" (i.e. R&D expenditures, and patenting and related costs) versus "customer capital" (i.e., advertising expenditure, and trademarks and related costs). We systematically assess the robustness of our results by using different specifications of the production functions implying different elasticities of substitution between tangible and intangible capital, and comparing different panel data estimates. Our results underscore that firms' accounting information on intangible investments is genuinely informative, showing that intangible capital and its different components are at least as productive as tangible capital"--National Bureau of Economic Research web site Mairesse, Jacques Verfasser (DE-588)12947682X aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 14108 (DE-604)BV002801238 14108 http://papers.nber.org/papers/w14108.pdf kostenfrei Volltext |
spellingShingle | Bontempi, Maria Elena Mairesse, Jacques Intangible capital and productivity an exploration on a panel of Italian manufacturing firms |
title | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms |
title_auth | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms |
title_exact_search | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms |
title_exact_search_txtP | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms |
title_full | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms Maria Elena Bontempi ; Jacques Mairesse |
title_fullStr | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms Maria Elena Bontempi ; Jacques Mairesse |
title_full_unstemmed | Intangible capital and productivity an exploration on a panel of Italian manufacturing firms Maria Elena Bontempi ; Jacques Mairesse |
title_short | Intangible capital and productivity |
title_sort | intangible capital and productivity an exploration on a panel of italian manufacturing firms |
title_sub | an exploration on a panel of Italian manufacturing firms |
url | http://papers.nber.org/papers/w14108.pdf |
volume_link | (DE-604)BV002801238 |
work_keys_str_mv | AT bontempimariaelena intangiblecapitalandproductivityanexplorationonapanelofitalianmanufacturingfirms AT mairessejacques intangiblecapitalandproductivityanexplorationonapanelofitalianmanufacturingfirms |