The Microeconomic Perspectives of Intellectual Capital Measurement

Rađenović, Tamara; Krstić, Bojan

doi:10.22190/fueo1703189r

Cited by 5 publications

(10 citation statements)

References 20 publications

(29 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The definitions by Sick (1995) and thatin [9] are used in this study. The option to defer is one of the ROs embedded in investment projects and allows decision-makers to defer an investment project [5], [6], [10], [11], which is why it is considered in this study.…”

Section: Real Options Analysis Backgroundmentioning

confidence: 99%

“…In [10], the SCRO model was applied to a research and development (R&D) manufacturing investment opportunity that had four sequential investment opportunities. In [11], the SCRO model was applied when evaluating an investment project, which expanded after two years; after a further two years, half of the project was sold.…”

Section: Sequential Compound Real Options Applicationsmentioning

confidence: 99%

“…The up and down movements of 𝑉𝑉 0 form a binomial tree [9], [22], which is in Table 2 for the first three years. The binomial tree is used because it embodies the uncertainty associated with each 𝑉𝑉 0 [10]. The values of 𝑉𝑉 0 are not constant, but are to be adjusted as new information emerges [10].…”

Section: Step 2: Determining Gross Project Valuementioning

confidence: 99%

“…The binomial tree is used because it embodies the uncertainty associated with each 𝑉𝑉 0 [10]. The values of 𝑉𝑉 0 are not constant, but are to be adjusted as new information emerges [10].…”

Section: Step 2: Determining Gross Project Valuementioning

confidence: 99%

See 3 more Smart Citations

Three-Step Sequential Compound Real Options Method for Electricity Capacity Expansion

Bashe

Shuma-Iwisi

Wyk

2023

SAJIE

View full text Add to dashboard Cite

A three-step sequential compound real options (SCRO) method is developed and applied to the South African technology for fluidised bed combustion with carbon capture and storage (FBCwCCS). The objective of this paper is to address the plan’s implementation when electricity demand is uncertain. The SCRO results are compared with the net present value (NPV) approach. The data for both the SRCO and the NPV is extracted from the mixed integer two-stage stochastic programming results. Negative NPV results indicate that the investment for the FBCwCCS should be rejected. The SCRO results suggest that decision-makers can exercise the option to invest if the start-up costs are less than or equal to R130 million, or otherwise defer the FBCwCCS investment projects. The industry lags behind in implementing the real option models; the same is expected with the SCRO models.

show abstract

Section: Real Options Analysis Backgroundmentioning

confidence: 99%

Section: Sequential Compound Real Options Applicationsmentioning

confidence: 99%

Section: Step 2: Determining Gross Project Valuementioning

confidence: 99%

Section: Step 2: Determining Gross Project Valuementioning

confidence: 99%

See 2 more Smart Citations

Three-Step Sequential Compound Real Options Method for Electricity Capacity Expansion

Bashe

Shuma-Iwisi

Wyk

2023

SAJIE

View full text Add to dashboard Cite

show abstract

“…R&D performance is an important aspect of the technology industry, but the impact of R&D input and output on business performance is difficult to evaluate, especially considering the output of intangible assets. Radenovic and Krstic (2017) state that it is difficult to identify and measure intangible assets or understand how knowledge management of technological innovation can be applied as the input and directly connected to the output as the final output. Intangible assets contain many aspects; Awano et al (2010) measured six categories of intangible assets: employer-funded training, software, R&D, reputation and branding, design, and business process improvement.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Innovation Strategies on the Business Performance of Global Semiconductor Firms

Hsieh

2023

Sage Open

View full text Add to dashboard Cite

Innovation strategies form the bedrock of sustainable business development in semiconductor firms. Using dynamic network data envelopment analysis (DN-DEA), the performance of the main global semiconductor firms during 2015 to 2019 was evaluated and the effects of intangible assets within their innovation strategies were explored. Operating efficiency (OPE) was found to be greater than R&D efficiency (RDE), and the average overall efficiency of Asian firms was found to be higher than that of American & European (AMEU) firms. A low intangible asset efficiency (ISE) indicates greater operating risks (2017 showed the highest value and 2015 the lowest). Establishing four regions, Region A showed innovation ability, but lacked business performance. Region B showed lack of both progress and operating performance. Region C showed good innovation ability and good operating performance. Region D showed innovation ability, but lack of progress. Thus, innovation achievements and intangible assets are key indicators of global semiconductor companies’ business sustainability.

show abstract