scholarly journals Is it possible to improve methods of intellectual property valuation?

2021 ◽  
Vol 45 (2) ◽  
pp. 161-186
Author(s):  
J Heller ◽  
Daria Zlachevskaia
Keyword(s):  
Intellectual Property ◽  
Financial Statements ◽  
Case Law ◽  
Data Availability ◽  
Property Market ◽  
Accounting Regulation ◽  
Property Valuation ◽  
Valuation Model ◽  
Tangible Assets ◽  
Valuation Process

Purpose: The purpose of this study is to identify ways to improve or simplify the quality and accuracy of IP valuations via accounting regulation improvements. Methodology/approach: This research relies on qualitative research methods such as case law analysis and comparative research of accounting standards and approaches. Findings: Evidence from this study points towards the conclusion that financial statements currently only reflect a historic financial record of the particular business, profoundly biased by a conservative tangible assets perspective. The central thesis of this study is that it makes sense to adopt a comprehensive intellectual property valuation strategy to ascertain the specific value of the intangible assets since the comprehensive application of valuation models is likely to yield superior results to using them separately. Research limitations/implications: Although the proposed approach seeks to bring more clarity to the valuation process while simplifying the appraisal of intellectual property assets, its efficacy is subject to increased transparency, a maturing intellectual property market, and credible data availability. Originality/value: This study makes a valuable contribution to research on methods that facilitate accurate intellectual property valuation while offering an alternative valuation model which combines the strengths of individual valuation models.

scholarly journals VALUATION OF AERONAUTICS AND SPACE TECHNOLOGY AT LAPAN

2019 ◽  
Vol 4 (01) ◽  
pp. 1
Author(s):  
Erni Br Simanjuntak ◽  
Gede Harja Wasistha
Keyword(s):  
Intellectual Property ◽  
Jel Classification ◽  
Competitive Advantages ◽  
Space Technology ◽  
Property Market ◽  
Capital Theory ◽  
Property Valuation ◽  
Quantitative And Qualitative Research ◽  
Valuation Method ◽  
The Cost

<p><em>New challenges arises for government institutions engaged in research and engineering to continuously innovate and develop technologies that have competitive advantages and provide income for the country through royalty from licensed technology. This research carried out to valuate the aeronautics and space technology. The objective of the study is to develop appropriate intellectual property valuation methods. This research is a case study utilizing sequential mix method which is the combination of quantitative and qualitative research. By using intellectual capital theory, this research-broaden the literatures on the technology valuation in the field of aeronautics and space. This study fills research gap on the existing technology valuation method that is still partially conducted by government research and development. </em></p><p><em>This study discusses the value of intangible assets and licenses from intellectual property that are calculated through three valuation approaches, such as cost-based approach, income-based approach, and market-based approach. The results of the study show that the most appropriate intellectual property valuation method are the cost-based approach and income-based approach.</em></p><p><strong><em>JEL Classification: </em></strong><em>O30, O31, O33</em><strong></strong></p><strong><em>Keywords</em></strong>: <em>Cost Based Approach,</em><em> Income Based Approach, Intellectual Property, Market Based Approach, Sequential Mix Method </em>

VALUATION FOR LOAN SECURITY PURPOSES IN THE CONTEXT OF A PROPERTY MARKET CRISIS - THE CASE OF THE UNITED KINGDOM AND POLAND

2013 ◽  
Vol 21 (4) ◽  
pp. 36-46 ◽  
Author(s):  
Sabina Źróbek ◽  
Jerzy Adamiczka ◽  
Richard Grover
Keyword(s):  
United Kingdom ◽  
Financial Markets ◽  
Professional Standards ◽  
Legal Regulations ◽  
Property Market ◽  
Property Valuation ◽  
The United Kingdom ◽  
Valuation Process ◽  
New Challenges

Abstract Valuation for loan security purposes has been a key issue related to property valuation, financial markets and the economy in general. This paper attempts to demonstrate the main reasons for interest in this field by referring to the situation in Poland and the United Kingdom. Moreover, the conditions of valuation for loan security purposes in Europe have been outlined, as well as the new challenges that property valuers have to face. Questions regarding unified and harmonious valuation standards have been presented in relation to international, European and domestic professional standards and legal regulations. The conclusion addresses further challenges of property valuation that must be tackled urgently, because valuation results are strictly connected with the profitability and safety of investments in the property market. Furthermore, the paper emphasizes that uncertainty in the valuation process also needs to be taken into account, as the appraised properties secure loans given by institutions funding their development.

DESCRIPTION OF THE PROPERTY VALUATION PROCESS IN POLISH CONDITIONS

2019 ◽  
Vol 20 (3) ◽  
pp. 61-73
Author(s):  
Piotr Kuraś
Keyword(s):  
Real Estate ◽  
Complex Problem ◽  
Point Of View ◽  
Sources Of Information ◽  
Polish Literature ◽  
The Real Estate ◽  
Property Valuation ◽  
Valuation Model ◽  
Valuation Process ◽  
The Subject

The study attempts to describe the property valuation process in the context of regulations in force In Poland. For this purpose, to this end, the current legal acts, professional standards of real estate appraisers as well as institutional and economic conditions were analyzed. The study starts with the characterization of the property at the subject of valuation, the types of determined values, then the silhouette of the real estate appraiser as a professional authorized to valuation of the property was presented. The most important part of the study, from the point of view of the study goal, is the description of the process of valuation of real estate in Polish conditions. This paper presents a general valuation model, which the difficult and complex problem of valuation presents in a comprehensive, consistent and logical way. Various research approaches have been used for the purpose of the study. Qualitative approach based on observation, interview, analysis of dispersed sources allowed to formulate research assumptions. Next, methods of scientific inference were used, mainly analysis and synthesis. In the paper, due to the aim, mainly the Polish literature on the subject was used as well as legal acts and other sources of information.

Assessment of changes in the application of the accounting regulation pbu 18/02 “Аccounting for income tax calculations” since 2020

2020 ◽  
pp. 10-24
Author(s):  
Irina Selezneva ◽  
Irina Selezneva ◽  
Elena Shlyapnikova
Keyword(s):  
Income Tax ◽  
Financial Statements ◽  
Accounting Data ◽  
Current Income ◽  
Accounting Regulation ◽  
New Concepts ◽  
Net Profit ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Tax Payers

The article assesses the changes made by the Order of the Ministry of Finance of the Russian Federation dated 20.11.2018 No. 236n v PBU 18/02 “Accounting for settlements with the budget for income tax”. The application of the new norms of PBU 18/02 is mandatory for corporate income tax payers with accounting (financial) statements for 2020. The essence of the problem is that the updated PBU 18/02 contains new concepts, new calculations of indicators necessary for reflection in accounting and accounting (financial) statements. The article consists of six parts, beginning with an introduction and ending with conclusions. The introduction substantiates the relevance of the study. At the beginning of the article, the purpose and objectives of the research are defined, as well as the materials, methods and conditions for conducting the research. The results of the study and their discussion are presented below. In the article, the authors highlight the problem of transition from the previously existing norms of PBU 18/02 to the new norms applied from 2020. The main part compares the concepts and indicators used in 2019 and 2020 in accordance with the requirements of PBU 18/02. The article also addresses the issues of evaluating work in progress in accordance with the requirements of regulatory legal acts in the field of accounting and taxation. The procedure for applying the norms of PBU 18/02 is shown on a specific example and the calculation procedures made that justify the occurrence of temporary differences that lead to the recognition of deferred income tax, as well as conditional income tax expense and current income tax on the accounting accounts. For clarity and comparison, the indicators for the application of PBU 18/02 in 2019 and 2020 are presented in the tables. In addition, the tables show the schemes of accounting transactions for accounting calculations with the budget for income tax in two ways to determine the current income tax: based on accounting data and based on tax Declaration data. Having considered a specific example of the procedure for applying the norms of PBU 18/02 in the version up to 2020 and in the current version from 2020, the authors conclude that changes in the procedure for identifying temporary differences do not mean a change in their value and the value of net profit

LA FALSEDAD EN DOCUMENTOS SOCIALES DEL ART. 290 CP: ¿DELITO DE FALSEDAD DOCUMENTAL

2010 ◽  
pp. 389-430
Author(s):  
JUAN IGNACIO ECHANO BASALDÚA
Keyword(s):  
Financial Statements ◽  
Case Law ◽  
Theoretical Framework ◽  
Criminal Code

La ausencia de un marco teórico suficiente en el delito de falsedad en documentos sociales del art. 290 CP ¿como hace patente la disparidad de interpretaciones que reciben los elementos típicos¿, aconseja investigar si su naturaleza es la propia de un delito de falsedad documental. Con este fin se analizan críticamente las opiniones presentes en la jurisprudencia, se concluye, contra la opinión de la jurisprudencia actualmente mayoritaria, que la falsedad no es un delito de falsedad documental y que es posible una interpretación tanto de las falsedades documentales como de la falsedad en documentos sociales más acorde con la línea iniciada por el CP de 1995 en esta materia, que permite configurar esta falsedad como un delito de información. Kode Penaleko 290. artikuluak jasotzen duen agiri sozialen faltsutasun- delituak ez duenez euskarri teoriko nahikorik ¿argi erakusten du hori elementu tipikoek ere hainbat interpretazio jasotzeak¿ komeni da aztertzea ea agiri- faltsutzearen delitu baten izaera ote duen benetan. Helburu hori aintzat hartuta, jurisprudentzian agertzen diren iritziak ikuspegi kritikoz aztertzen dira eta ondorioztatzen da, gaur egun jurisprudentzian nagusi den iritziaren kontra bada ere, faltsutasuna ez dela agirien faltsutze delitua eta litekeena dela bai agirien faltsutzeari bai agiri sozialen faltsutasunari interpretazio erabat bestelakoa ematea, kontu horretan 1995. urteko Kode Penalak adierazten zuen moduan: faltsutasun hori informazio- delitua moduan konfiguratzea. The lack of a sufficient theoretical framework for the crime of falsifying corporate financial statements by section 290 in Criminal Code ¿as it is evident given the disparity of the interpretations to the legal elements of the crime¿ suggests us to investigate whether its nature is that of a crime of misrepresenting documents. To this end, the opinions in the case law are critically analyzed and we come to the conclusion that against the majority caselaw opinion, falsehood is not a crime of misrepresenting documents and that it is arguable an interpretation of both misrepresenting documents and falsifying corporate financial statements in conformity with the trend commenced by the Criminal Code from 1995, which permits the construction of this falsehood as a crime of information.

Does Investment-Related Pressure Lead to Misreporting? An Analysis of Reporting Following M&A Transactions

2012 ◽  
Vol 87 (3) ◽  
pp. 839-865 ◽  
Author(s):  
Daniel A. Bens ◽  
Theodore H. Goodman ◽  
Monica Neamtiu
Keyword(s):  
Financial Reporting ◽  
Large Body ◽  
Financial Statements ◽  
Probability Of Detection ◽  
Data Availability ◽  
The Public ◽  
Announcement Returns ◽  
Reporting Decisions ◽  
The Face ◽  
Near Term

ABSTRACT This study examines whether managers alter their financial reporting decisions in the face of investment-related pressure. We define investment-related pressure as the increased pressure managers feel to retain their job following an M&A poorly received by the market. We hypothesize that managers attempt to assuage pressure by delivering strong performance post-merger, creating incentives for misreporting. Our findings indicate that acquirers with more negative M&A announcement returns are more likely to misstate financial statements in the post-investment period and the issuance of misstated financials mitigates this pressure, at least in the near term. Our study contributes to the literature on the relation between corporate investing and financial reporting by showing how investment-related pressure leads to misreporting, even in a setting where the costs (e.g., greater probability of detection) are high. Our study also has implications for the large body of research that evaluates various consequences of M&As using post-merger performance. Specifically, researchers should be careful to distinguish real from misstated financial performance in the post-investment period. Data Availability: Data are available from the public sources indicated in the text.

scholarly journals Market Mechanisms of the Strategy of Innovative Development of the Russian Aviation Industry: Problems and Indicators of the Economy of Intellectual Property

2021 ◽  
Vol 1 ◽  
pp. 19-25
Author(s):  
V.Kh. Zinnurov ◽  
Keyword(s):  
Intellectual Property ◽  
Institutional Environment ◽  
Advanced Technology ◽  
Innovation Activity ◽  
Aviation Industry ◽  
Innovative Development ◽  
Property Market ◽  
Global Trends ◽  
Technology Products ◽  
The Status

Relevance. The article is based on the report of the author at the specialized session “Intellectual Property and competitiveness of enterprises in attracting investment and production diversification: key performance indicators (industry and corporate level)” within the framework of the XII International Forum “Innovative Development through the Intellectual Property Market”, which was held in Moscow on 30.10.2020. Despite approved strategy documents in place for development of Russian aviation industry and governmental programs being implemented, the Russian intellectual property market formation has not been considered among top tier priorities. Methodology: the study analyzes the global aviation industry trends and the outcomes of governmental programs on development of Russian aviation industry. Results. Based on the analysis of the global trends in innovation activity of aerospace industry leaders and the status of development initiatives in the Russian aviation industry and specifically the United Aircraft Corporation, conclusions are made with regard to the quality of institutional environment for support of innovations, with a rationale for facilitation of efforts by industry enterprises in their identifying, protecting and commercializing the intellectual property. Discussion. The study addresses a major issue of how, in the situation of a dominant share of public investments in the aviation industry, to facilitate and promote a proper level of activity in commercialization of intellectual property results by state-owned/sponsored enterprises, and ensure a sustainable level of support for private sector enterprises in the creation of advanced technology products.

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