Investment in intangible assets and corporate growth in the industrial companies

Abstract

This report examines the impact of investment in intangible assets on corporate growth of public industrial companies. An intangible asset growth indicator model has been developed. A new conceptual approach for measuring corporate growth has been implemented, using an integral indicator determined by four single indicators using weighted geometric mean model. Based on built models, a study has been conducted to show that the companies have achieved moderate corporate growth, accompanied by faster growth in intangible assets. Investments in intangible assets are proven to be a stable factor for corporate growth. Bulgarian industrial companies do not sufficiently utilize the intangible assets of leading companies. The investment strategy of Bulgarian companies should be optimized primarily to achieve a spillover effect.