Information technology has changed the way, how companies perform business, how they develop services and interact with customers as well as other companies. This is accompanied by an ongoing virtualization of the economy, think of the ‘‘value’’ of companies like Google, ebay, or Skype. Their value is based on information and their ‘‘user network’’, not on the physical infrastructure or product...

OBJECTIVES Valuation of the intangible impacts of informal care remains a great challenge for economic evaluation, especially in the framework of care recipients with cognitive impairment. Our main objective was to explore the influence of intangible impacts of caring on both informal caregivers' ability to estimate their willingness to pay (WTP) to be replaced and their WTP value. METHODS We...

There are numerous reasons to apply the cost approach to the valuation of an intangible asset. Before applying this valuation approach, the valuation analyst should be familiar with the generally accepted cost approach methods and procedures. In addition, the valuation analyst should have sufficient data to measure (1) the intangible asset cost components and (2) the intangible asset obsolescen...

The evolution of different technologies, the high availability of robust networks and the ever increasing need for fast, reliable and low cost services and information have contributed in the wide acceptance and use of digital information and services, which are now days termed as Intangible Goods. Commercial companies and public administration are introducing every day new services and informa...

This paper reports findings from a research project investigating the perception of performance values of a major non-profit organisation, the Australian Red Cross Blood Service (ARCBS). Performance value includes the both tangible and intangible contributors to an organisation's value base. The project identified key elements within this organisation that indicate how intellectual capital (IC)...

Purpose – One of the responses to criticisms of traditional forms of accounting reports for knowledge-based firms has been the development of the balanced scorecard (BSC), a strategic performance measurement framework and methodology based on a family of performance measures. This paper aims to examine the issue of measuring performance in relation to a major Australian company, The Fosters Bre...

Roger Garrison (2001) provides a welcome diagrammatic exposition of Austrian, capital-based macroeconomics. The exposition attempts to account not only for Austrian Business Cycles (ABCs), but also for long-run, secular growth. Secular growth is a focus of mainstream growth theory that has arguably been neglected by Austrian analysis. However, Salerno (2001) argues that the type of secular grow...

____________________________ The authors gratefully acknowledge financial support from the College of Business Administration at the University of Rhode Island. We would like to thank Tian Xiao at NAIC for useful comments and Xuanjuan Chen, doctoral student at University of Rhode Island, for computational assistance. We also thank participants at the 2003 Western Risk and Insurance Conference. ...

An attention on leisure consciousness and related activities by Taiwan people also signifies an enhanced standard on service quality and demand satisfaction of tourism and leisure industry, in which a perception of customer satisfaction perceived by consumers in terms of appraisal dimension and measurement was gradually replaced by intangible accommodation experience or personalized service by ...

WHILE all countries account for investment in tangible assets in their gross domestic product (GDP) statistics, no country currently includes a com­ prehensive estimate of business investment in intan­ gible assets in their official accounts. Most economists agree, however, that intangible assets—which repre­ sent an important input into the innovative process—are critical components of the mod...