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...

For many kinds of assets, the growth rate of the real asset stock is a nonlinear function of the economic owner’s decision whether to invest or extract the asset. Examples within the economy are primarily biological assets, both privately owned (such as those found in aquaculature and agriculture) and publicly owned or regulated (such as fish stocks, and in some case, timber stocks.) Optimal ex...

Information security risk management is a fundamental process conducted for the purpose of securing information assets in an organization. It usually involves asset identification and valuation, threat analysis, risk analysis and implementation of countermeasures. A correct asset valuation is a basis for accurate risk analysis, but there is a lack of works describing the valuation process with ...

All companies deal with valuation from time to time. Capital budgeting, company and asset valuation, or value based management rely on valuation. Two approaches are the foundation of valuation, discounted cash flow valuation and relative valuation. The first one is a bottom-up approach where the present value of an asset’s future cash flows is calculated, the second determines the value of an a...

Recent years have seen a dramatic decline in the creditworthiness of firms and increasing concern regarding the reliability of credit estimates provided by rating agencies. In this paper, I find evidence that a particular account, the valuation allowance for deferred tax assets, helps predict the future creditworthiness of a firm. Under the provisions of SFAS No. 109, a firm records a deferred ...

Asset analysis and valuation are important parts of the information security risk management. Outputs they produce are used in the process of risk analysis that plays a key role in securing organization’s business processes. A correct analysis and valuation of assets should reveal not only their importance for the organization, but also their relationships and dependencies between each other. T...

The investigation of investor sentiment and its relation to stock returns, volatility and asset valuation is the subject of considerable debate in many empirical researches. Using indirect sentiment measures, we provide evidence that sentiment levels and changes have important predictive power for stock returns. In addition, we find that most of our sentiment measures cause volatility rather th...

We document large, longer term, joint regime shifts in asset valuations and the real federal funds rate- r * $r^{\ast }$ spread. To interpret these findings, we estimate a novel macrofinance model of monetary transmission find that documented regimes coincide with parameters policy rule, long-term consequences for interest rate. Estimates imply two-thirds decline rate since early 1980s is attri...

We provide a framework in which we link the valuation and asset allocation policies of defined benefits plans with the lifetime marginal productivity schedule of the worker and the pension plan formula. In turn, we examine the retirement policies that are implied by the primitives of the model and the value of pension obligations. Our model provides an explicit valuation formula for a stylized ...