The QuIC: Quantitative Intellectual Capital-based methodology for Firm Valuation
The QuIC: Quantitative Intellectual Capital-based methodology for Firm Valuation
Author(s): Gianpaolo Iazzolino, Giuseppe Migliano, Natale GuarnacciaSubject(s): ICT Information and Communications Technologies
Published by: UIKTEN - Association for Information Communication Technology Education and Science
Keywords: Discounted Cash Flow; Intellectual Capital; Financial performances; Market Value;
Summary/Abstract: The paper proposes a new methodology for evaluating the market value of firms (QuIC – Quantitative Intellectual Capital-based methodology for Firm Valuation) that considers Intellectual Capital (IC) as an important factor that can influence the overall value.Findings show that this approach gives a more fair evaluation able of taking account of the “hidden” value that could remain unconsidered when applying “traditional” valuation approaches. In fact, findings demonstrated that, from a financial standpoint, the difference between DCF and QuIC evaluation can be recognised as the worth of intellectual capital assets.
Journal: TEM Journal
- Issue Year: 8/2019
- Issue No: 2
- Page Range: 525-537
- Page Count: 13
- Language: English