Handbook on Intangibles

Edited by Stefano Zambon, Professor of Business Economics, Department of Economics and Management, University of Ferrara and Laura Girella, Associate Professor of Business Economics, Department of Economics 'Marco Biagi', University of Modena and Reggio Emilia, Italy

‘I think this is an absolutely recommendable work as a flagship for a multi-perspective Handbook on intangibles. It illustrates and discusses the topic of intangibles from various perspectives, ranging from accounting, reporting, risks, human capital, and digitization to valuation, in a very structured and comprehensive manner.’

• Contents1 Intangibles accounting, disclosure and valuation—rationale, convergencesand perspectives: an introduction 1Stefano Zambon and Laura GirellaPART I  ACCOUNTING FOR INTANGIBLES2 The harmful accounting for intangibles: response to adherents of the statusquo 23Baruch Lev3 100 years of US GAAP for intangible items 37Christine A. Botosan, Jeffrey Mechanick, and Joy Sy4 Does capitalization of acquired in-process R&D convey information in thepricing process? 64Dimos Andronoudis and Luminita Enache5 Intangibles, firm value, and accounting relevance in COVID-19 90Feng Gu6 How could financial reporting evolve to provide better information aboutintangibles used in the entity’s operations? 120Chiara Del Prete7 An accounting for intangible assets that informs valuation 143Richard Barker and Stephen Penman8 Is this the end of intangibles? Re-framing the challenge of accounting forintangible assets 152Alan Teixeira9 Social costs and intangibles 173Mario Abela10 Impact accounts as a key input into accounting for intangibles 184T. Robert ZochowskiPART II  REPORTING AND DISCLOSURES ON INTANGIBLES11 R&D disclosure in the annual report: empirical evidence from automotiveand pharmaceutical companies 196Alberto Quagli, Elisa Roncagliolo, and Lorenzo Simoni12 Intangibles and equity investors 219Jan Marton and Catalin Starica13 A critical analysis of the contribution of Integrated Reporting to therecognition of intangibles 236Ruth Dimes and Charl de Villiers14 Disclosure of intangibles through Integrated Reporting: non-financialcapital and climate risk management 250Alexandre Garcia, Davi Ciasca, José Roberto Kassai, Solange Garcia,Ticiane Santos, and Vania Borgerth15 The evolution of Intellectual Capital reporting: a trust-based perspective 263Maria Serena Chiucchi, Marco Giuliani, and Stefano Marasca16 The relational capital along the supply chain: insights from sustainabilityreporting disclosures 281Mariella Colantoni, Alessandro Lai, and Riccardo Stacchezzini17 The new EU sustainability framework vis-à-vis integrated reporting andintangibles: a systematic perspective 299Alessandro d’Eri and Valerio Novembre18 Making visible the invisible: intangibles, ESG and tax 312Eelco van der Enden and Bronte Klein19 Corporate governance, ESG and sustainability: the underexplored role of‘green’ trade marks 327Janice Denoncourt20 A glance at reporting on intangible assets and resources from a Germanperspective 350Georg Lanfermann and Kristina Schwedler21 Japanese journey on intangibles as the key factor of value creation for acompany 359Takayuki SumitaPART III  INTANGIBLES AND RISKS22 Intangible value and risks: regulation requirements, valuation practices andways forward – a better risk awareness within valuation reports 396Véronique Blum23 Understanding risks related to intangibles and knowledge for sustainablebusiness development 442Susanne DurstPART IV  HUMAN CAPITAL AS AN INTANGIBLE: DIFFERENT PERSPECTIVES24 Accounting and reporting for human capital in a public healthcareorganization: do they promote effective human capital management toachieve social sustainability? 456Caterina Cavicchi and Emidia Vagnoni25 Integration of intangible assets by investors: application to human capital 470Jean-Philippe Desmartin and Elise de Coligny26 Talking about “human capital” or not: lessons from the French experimentof integrated reporting on the period 2014–2020 489Stéphane Trébucq and Francis GonzalezPART V  DIGITISATION AND INTANGIBLES27 Potential impact of the digital economy on accounting: the challenge ofintangible assets’ recognition 507Anne Jeny28 Uncovering the hidden value of intangibles: a constructive de- andreconstruction 529Isabella Miller and Robert ObermaierPART VI  VALUATION AND MEASUREMENT OF INTANGIBLES29 Does the Value Added Intellectual Coefficient (VAIC) add value to the ICresearch and practice? 547Giuseppe Marzo30 Valuation of intangible assets: an artistic science 569André Gorius31 Measuring stakeholder value: a globally integrated approach 583Philip Sugai32 The IVSC’s perspective on the valuation and measurement of intangibleassets 602Nicolas Konialidis and Richard Stewart33 WIPO’s action plan on intangible asset finance 622Allison Mages, Michael Kos, and Anca Ciurel34 The value of data in the economy 641Simon Lange and Vincenzo Spiezia35 Quantifying the value of data has profound implications for organizations 669Sunil Soares and Matt Noll36 The value contribution of a corporate brand: evidence from Bayer AG 689Manfred Schwaiger, Sven Theobald, Wolfgang Stippler, and Sascha Raithel