“…While the value of the firm traditionally was based on financial analysis of asset dependence and profit margin, contemporary views on the issue suggest that the value of the firm is now expressed through intangible assets like leadership quality, innovative capability, brand equity, and competencies in partnerships (McPhee & Wheeler, 2006;Akbulut & Paksoy, 2007). In this context, the value of a firm may well exceed the figures shown on the balance sheet as can be observed in companies like Apple and Google, particularly due to the value of the brand, which is a main asset of these companies (Barwise, 1993;Schocker, Srivastava & Ruekert, 1994;Aaker, 1996;).…”