Intangibles, Market Failure and Innovation Performance

Ahmed Bounfour is Professor and  the Titular of the European Chair on Intellectual Capital Management at University of Paris-Sud. In his position at the University of Paris-Sud, Ahmed Bounfour initiated the first chair on intangibles (intellectual capital) at the international level, which is /was  supported by several prestigious founding partners, such as Air Liquide, Caisse des Dépots et Consignations, CIGREF, the French National Patent Office-INPI, the European Patents Office, Fondation AIRBUS Group, Bouygues Telecom, Afope and Groupement des Mousquetaires. He is the Scientific Director of the World Conference on Intellectual Capital for communities - co-organized with the World Bank, Paris (2005-2013). Ahmed Bounfour is member of several academic and professional working groups dealing with intangibles and innovation, he has published numerous studies on these topics in academic and professional journals and has been the Editor for several special issues of research journals in knowledge management, innovation and information systems. He is Editor of the SpringerBriefs in Digital Spaces series and co-director of the Franco-German Round Table on intangiblesTsutomu Miyagawa is professor of economics at Gakushuin University in Japan. He is also a faculty fellow at the Research Institute of Economy, Trade and Industry (RIETI). He has a Ph.D. in Economics from Hitotsubashi University. He has initiated research on intangibles in Japan, measuring intangible investment at the aggregate and sectoral levels in collaboration with RIETI. He is the author of several studies on intangible assets in Japan, published in "Review of Income and Wealth" and in "Japanese Economic Review". He has also published studies on network externality effects in the ICT economy, on R&D and corporate governance, and on market competition and productivity growth.

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• Introduction.- Intangibles and value creation at the industrial level: Delineating their complementarities.- Intangible Assets and Investments at the Sector Level – Empirical Evidence for Germany.- Does the Stock Market Evaluate Intangible Assets? An Empirical Analysis Using Data of listed Firms in Japan.- Financial Constraints on Intangible Investments: Evidence from Japanese Firms.- Has the Management Quality in Korean Firms Caught up with That in Japanese Firms? An Empirical Study Using Interview Surveys.- How does the market value management practices of Japanese firms? Using management practice survey data.- Intangible Assets and the Theory of the Firm.- Resource Reallocation and Innovation: Converting Enterprise Risks into Opportunities.- Innovation in Information Systems and Valuation of Intangibles.