The Economics of Intangible Assets: From just Value-to-Value Creation

Abstract

“What can be measured can be managed.” This managerial rule supposes that every measured resource is automatically managed. The literature shows the difficulties to measure the human capital as an internal resource. At the same time, this intellectual capital is the most important in the creation value for the company. Indeed, this managerial approach seeks to find the best way to explore how to create value by investing in the intellectual capital. In contrast, the accounting approach, ignore the importance of the intellectual capital as intelligible assets. This paper will present the difference between the managerial approach and the accounting approach of the intangible assets and how could this difference influence the decision of companies.