1,720,956 research outputs found
Die Zukunft bewerten: Immaterielle Vermögenswerte aktivieren
No full textDie traditionelle Rechnungslegung basiert auf dem
Prinzip der historischen Kosten. Dies hat zur Folge,
dass nur eine geringe Anzahl von immateriellen Vermögenswerten
in den Bilanzen erscheint. Vor dem Hintergrund, dass immaterielle Vermögenswerte als die „heimlichen Treiber“ des zukünftigen Unternehmenserfolgs gesehen werden, ist diese Situation als wenig zufriedenstellend zu bezeichnen. Der vorl egende Beitrag verdeutlicht die Unterschiede zwischen immateriellen und traditionellen Vermögenswerten und
zeigt die damit verbundenen Herausforderungen an
gegenwärtige Rechnungslegungsstandards auf
The Meaning of Intangible Assets: New Insights into External Company Succession in SMEs
No full textThe Commission of the European Communities (2006) estimates in its report that one third of all EU entrepreneurs will leave within the next ten years. In conjunction with the situation that (1) the majority of Europeans prefer being an employee and (2) the fact that changes in demography will reduce the pool of potential successors over the next decades, this paper argues that external (non-family) successors take on an important role and are in a position to choose the company, which best matches their expectations. A successful company succession depends on a multitude of different aspects. In the case of external succession, certainly the available funds represent a critical point. However, the assumption is that the decision to acquire a company is based on other factors. It is hypothesised that the potential external successor will be interested in those companies offering potential expansions. In view of the increasing relevance of intangible assets within the firm regarding company success, it is suggested that these assets primarily influence the external successor to go further in the succession process. Thus, it is expected that the future perspectives of the company are founded on its inherent intangibles and which in turn justify a financial investment. The aim of this paper is to explore the role of intangible assets as seen from the viewpoints of external successors. The strategy of research behind this paper is the application of a mixed methods approach which is divided into a survey approach and a case study approach (given priority). Within the quantitative stage a web-survey was used to obtain data on the relevance of intangible assets in terms of external company succession in SMEs whilst addressing members of German trade corporations and chambers of commerce. The results of the quantitative study were enhanced through qualitative interviews with ten external successors in SMEs. The data that were gathered explores the role of intangible assets during the successors’ deliberations as to whether or not the company should be acquired. Intangible assets are found to be important features for external successors. Specifically five intangibles can be highlighted which are brand, partner(s), key-employees, knowledge retention, and corporate culture. The critical intangibles were summarised in a conceptual framework. The findings suggest that in the case of external succession, intangible assets have a remarkable influence on the external successor’s decision-making and traditional issues in the view of company succession such as tax, legal and, financial aspects should be extended to include intangible aspects
What makes SMEs attractive to external successors?
No full textPurpose – Taking company succession as an alternative means of embarking on an entrepreneurial activity, the aim of this study is to explore those intangible assets that are regarded as attractive from the viewpoints of external successors. Thereby, the focal point is on the preparation stage in which promising companies are identified and scrutinised.
Design/methodology/approach – The strategy of research behind this paper is the application of a mixed methods approach that is divided into an internet-mediated questionnaire and a series of in
depth interviews (given priority).
Findings – The findings suggest that intangible assets have a notable influence on the intention of an external successor to take over a company. This would suggest that the traditional issues
considered with regard to company succession, such as tax, legal and financial aspects, should be extended to include intangible aspects. The findings are summarized by proposing a framework for the role of intangibles in external succession, thereby highlighting critical intangibles as perceived by
external successors.
Research limitations/implications – This explorative study is by no means exhaustive; however it is regarded as a valuable fundament for further research activities associated with the role of intangible assets in terms of company succession, particularly external succession.
Practical implications – The framework appears to be a valuable tool for understanding the importance of intangibles in external company succession in general and particularly their influence
on external successors’ business acquisition intentions. The findings are particularly considered as helpful for incumbent-owners who plan to sell off their companies.
Originality/value – The study’s findings can be viewed as a new perspective on company succession as it highlights the intangible assets that make a company attractive to external successors.
Given the increasing number of small to medium-sized enterprises waiting to be transferred to new
owners, these findings are highly important as they provide a more holistic view of the dynamics of company succession (and external succession in particular).
Keywords Small to medium-sized enterprises, Intangible assets, Buying behaviour, Acquisitions
Paper type Research pape
The influence of intangible assets on external succession decisions in small and medium-sized enterprises
No full textExternal company succession provides an alternative route into
entrepreneurship. However, due to a strong focus on new ventures, this form of succession would appear to be less in the public eye. This article endeavours to contribute to changing this situation. In doing so, it explores the meaning of intangible assets in company succession from an external successor perspective. Despite the fact that intangibles are supposedly the key drivers of business performance, the connection between intangibles and external company succession in small and medium-sized enterprises (SMEs) has so far been neglected. Our research draws on a quantitative web survey of German trade associations and qualitative interviews with external SME successors. Our
findings suggest that intangible assets have a notable influence on the decision of an external successor to take over a company. This research offers new insights into company succession, specifically with regard to the selection process for potential external successors
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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