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OCKHAM’S RAZOR IN THE ANALYSIS OF INTANGIBLE CAPITAL?

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Author(s): Cristina Ionela FĂDUR | Daniela CIOTINĂ

Journal: Annals of the Stefan cel Mare University of Suceava : Fascicle of the Faculty of Economics and Public Administration
ISSN 2066-575X

Volume: 11;
Issue: 2(14);
Start page: 233;
Date: 2011;
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Keywords: intangible capital | mergers | market value | MERITUM | RICARDIS

ABSTRACT
Purpose – Economic development has determined deep changes in economic thinking. In the new informationera, the wealth of the nations resides in intangible capital: human capital and the know-how of the workers. Thisarticle aims to analyze intangible capital at a micro and macroeconomic level, looking at specific scientific statementsthrough the perspective of the principle of parsimony – Ockham’s razor.Methodology/design – We have resorted to the analysis of the reports drawn after performing regional andinternational research concerning the issue of intangible assets, and respectively intangible capital. Theepistemological analysis of intangible capital has allowed us to identify the efforts made at an international level toreach harmonized practices in what concerns the acknowledgement, evaluation, and presentation of intangible capital.Conclusions: Intangible capital is the key resource of the companies, as well as one of the main components ofthe wealth of nations. Within it, we can make a distinction between the term of goodwill, a concept that appeared asearly as the 16th century in economy, respectively the beginning of the 19th century in the field of law. Although the termitself is quite “old”, being in time the object of numerous studies, the divergences related to the its evaluation andrecording in accounting are still present. In M&A operations (Mergers&Acquisitions), the role of the commecial fundis vital, as it supports the decisions of the judges. Goodwill is the part of the unidentified intangible assets thatquantifies the benefits obtained by the acquiring company.

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