I just read an article in a Belgian magazine about Banking and Finance. It was all about The growing importance of intangible assets in the stock markets. The article highlighted the fact that traditional audit procedures and processes were only taking into account the evaluation of tangible goods and that the intangible part of our economy was quickly growing.
And the author (Marc Luyckx) is right. And I’m still amazed that nobody drives seriously a community about the assessment of intangible assets, sharing information and research results like for some Open Source projects or any ordinary Wikipedia article.
The pending question here is to know who has to take the lead in that kind of research. Does the private accounting and audit sector need to work on some evaluation tools (and on what the market will put the credibility and the neutrality of the KPIs into questions) or do we need to have a public ‘political’ initiative, like the European Commission leading some specific research projects? Are economic metrics a public property or do the markets have to intervene within the discussion in order to get some fair evaluation criteria?
If you are interested in the intangible capital evaluation, just have a look at http://www.neskey.com. It’s one of the started public initiatives.
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