Intangible Assets and Sustainable Development

2019 ◽  
pp. 979-984
Author(s):  
Tai Ming Wut
Keyword(s):  
Sustainable Development ◽  
Intangible Assets

scholarly journals Cooperatives and Sustainable Development: A Multilevel Approach Based on Intangible Assets

2020 ◽  
Vol 12 (10) ◽  
pp. 4099 ◽  
Author(s):  
Francisca Castilla-Polo ◽  
M. Isabel Sánchez-Hernández
Keyword(s):  
Sustainable Development ◽  
Intangible Assets ◽  
Government Agencies ◽  
Regional Competitiveness ◽  
Dual Nature ◽  
Multilevel Approach ◽  
Whole Process ◽  
Major Interest ◽  
Practical Tool

There is a major interest in analyzing the role of intangible assets on sustainable development, which is a topic under the auspices of the so-called 5th stage of research. Cooperatives are enterprises directly committed to sustainable development due to their dual nature–economic and social. This paper is based on a literature review and proposes a theoretical model based on intangible assets for understanding the role of cooperatives as drivers of sustainable development. The findings show that these assets are involved in regional competitiveness and especially evident when considering cooperatives. It can be concluded that, when focusing the attention on cooperatives, it is useful to use a multilevel approach (micro and macro levels) to understand the whole process of interaction between intangible assets and sustainable development. The model aims to contribute to a line of research of great potential, but is also a practical tool for reflecting on cooperativism and for government agencies.

Multinational Companies and their Link to the Intellectual Capital of Territories

2012 ◽  
pp. 86-107 ◽  
Author(s):  
Agustín J. Sánchez Medina
Keyword(s):  
Sustainable Development ◽  
Environmental Economic ◽  
Intellectual Capital ◽  
Intangible Assets ◽  
Multinational Companies ◽  
Social Impacts ◽  
Multinational Company ◽  
The Sustainable Development ◽  
The Right ◽  
The Way

Nowadays it seems to be widely accepted that a multinational company has many different environmental, economic or social impacts on a territory. Moreover, every region has the right to aim to achieve sustainable development. For those reasons, this work proposes a tool based on the territory’s intangible assets. This tool allows the management of the sustainable development of a region where a multinational company has located, paying special attention to the way that this type of company can influence the development of the region.

Formation of personnel reserve to ensure the development of intellectual potential of the personnel at enterprise

2019 ◽  
pp. 49-55
Author(s):  
Оlena Кniazieva ◽  
Mykola Shamin
Keyword(s):  
Sustainable Development ◽  
Intangible Assets ◽  
Planned Change ◽  
Continuous Change ◽  
The Sustainable Development ◽  
Modern Enterprise ◽  
Methodical Approach ◽  
Potential Development ◽  
The Cost ◽  
Intellectual Potential

Sustainable development of a modern enterprise requires constant development of employees’ intellectual potential. Therefore, the question of estimating the costs for the development of employees’ intellectual potential is urgent. It is also necessary to create a staff reserve of such qualifications that meet the requirements of technological progress. The availability of personnel reserve allows you to prepare candidates for the newly created positions, which arise during the upgrade of tangible and intangible assets. The purpose of the paper is to improve the approaches to the development of the intellectual potential of the employees of the enterprise by forming the personnel reserve of the corresponding qualification. The paper substantiates the need to form personnel reserve to secure the company’s sustainable development in conditions of continuous change of technologies. The authors suggest the updated scientific-applied approach to calculation of the necessary reserve of qualified staff, which is based on planned change of staff structure and advanced training based on current and planned rates of tangible and intangible assets, unlike the existing ones. The paper proves that the development of intellectual potential of the company’s staff requires certain expenses, which in their turn require accounting of their volumes. Methodical approach to assessment of the cost of intellectual potential of the company’s staff by calculation of the range of its components is presented. The obtained results are compared to the scale that contains criteria of the level of intellectual potential development depending on the volumes of investment in its development. The paper reveals that the cost of intellectual potential of the company’s staff expressed in the share of expenses in overall expenses should reach ten percent in order to secure for the company the sustainable development based on the tendencies and dominants of scientific and technical progress.

scholarly journals Impact of the Value of Intangible Assets on the Capitalization of Food Retailers for their sustainable Growth

2021 ◽  
Vol 25 (4) ◽  
pp. 48-63
Author(s):  
O. V. Loseva ◽  
M. A. Fedotova ◽  
V. V. Bogatyreva
Keyword(s):  
Sustainable Development ◽  
Intangible Assets ◽  
Cash Flows ◽  
Sustainable Growth ◽  
Negative Consequences ◽  
The Sustainable Development ◽  
Food Retailers ◽  
Online Trading ◽  
Student’S T ◽  
The Impact

The objective of the research in the article is the food retail companies that occupy leading positions in the Russian and foreign markets. The subject of the study is financial and economic relations in the field of the use of intangible assets (IA) as a significant factor in increasing the capitalization of food retailers and their sustainable development. The relevance of the problem is due, on the one hand, to the significant contribution of trade to the country’s GDP, on the other hand, to the need to find new drivers for the sustainable development of food retailers in the context of overcoming the negative consequences of the pandemic and the digital economy. The purpose of the study is to assess the impact of the value of intangible assets on the capitalization of food retailers. The authors applied the methods of comparative analysis, calculation of financial and economic indicators, correlation, and regression analysis of statistical data processing. The authors used Student’s t-test and Fisher’s f-test to confirm the quality of the constructed model. The study shows that Russian food retailers, as compared to foreign ones, occupy a smaller market share in the domestic economy and have a smaller share of intangible assets in the non-current assets of companies (except for X5 Retail Group). On the Russian food market, a trend has been revealed towards an increase in the production of goods under private labels and a decrease in the presence of foreign retailers, as well as an increase in the share of online trading that requires the use of intellectual property, including digital intangible assets, and leads to an increase in cash flows. Based on multivariate correlation analysis, it was found that the capitalization of trading companies in the food sector is most affected by the value of intangible assets and return on them. The constructed model of linear two-factor regression allows the authors to conclude that with an increase in the value of intangible assets by 1%, the market capitalization of a company increases by 10% with a constant return on assets. The article provides recommendations for Russian food retailers on the formation and use of a portfolio of intangible assets for value-based business management, which will contribute to their sustainable development.

scholarly journals PLANNING AND STAGES OF AUDIT OF INTANGIBLE ASSETS OF THE ENTERPRISE

2021 ◽  
Author(s):  
Olena Diadiun
Keyword(s):  
Sustainable Development ◽  
Intangible Assets ◽  
Financial Statements ◽  
Intangible Asset ◽  
Audit Process ◽  
Audit Planning ◽  
Time Formalism ◽  
The Difference ◽  
Audit Strategy ◽  
Definition Of

The article has examined the essence of the definition of «planning» and «audit planning». The place and importance of planning in the audit process are considered: from the standpoint of ISA and the approaches of domestic scientists, as well as in the context of the audit of intangible assets. The key requirements of ISA 300 «Planning an Audit of Financial Statements» and the possibility of their application in the audit of intangible assets are analyzed. Scientific approaches to determining the stages of audit of intangible assets are studied. As a result of the study, the stages of audit of intangible assets were identified through the projection of the general stages of the audit: preparative, intermediate, physical inspection, audit of financial statement line items, final. It is proposed to consider the audit of intangible assets from two positions: the audit of financial statements and the audit of sustainable development. Emphasis on the importance of the transition to a sustainable development audit, which also includes confirmation of non-financial indicators, is placed. The algorithm of planning the audit of intangible assets in the conditions of sustainable development is determined. The difference between the purpose and objectives of the audit of intangible assets in terms of traditional audit and audit in terms of sustainable development is demonstrated. It is proved that the accents in the development of the audit strategy and detailed plan will depend on the chosen goals and objectives. The main objects of control in the audit of intangible assets are identified. The importance of legal issues (especially protection of intellectual property rights) in the audit of intangible assets and the need for staff with appropriate qualifications is underscored. The audit strategy and plan are considered as elements of documentary evidence of the audit. Factors that slow down the implementation of the audit of sustainable development are identified. The relevance of the concept of «intangible asset audit program» is considered. It is proven that a detailed audit plan for intangible assets should take into account specific procedures, taking into account the nature of intangible assets. At the same time, formalism in drawing up a plan is unacceptable. The consistent list of audit procedures for formation of strategy and plan of audit of intangible assets in the conditions of sustainable development is outlined. It is proved that audit in the conditions of sustainable development expands the list of procedures.

Multinational Companies and Their Link to the Intellectual Capital of Territories

2010 ◽  
pp. 249-270
Author(s):  
Agustin J. Sanchez Medina
Keyword(s):  
Sustainable Development ◽  
Environmental Economic ◽  
Intellectual Capital ◽  
Intangible Assets ◽  
Multinational Companies ◽  
Social Impacts ◽  
Multinational Company ◽  
The Sustainable Development ◽  
The Right ◽  
The Way

Nowadays it seems to be widely accepted that a multinational company has many different environmental, economic or social impacts on a territory. Moreover, every region has the right to aim to achieve sustainable development. For those reasons, this work proposes a tool based on the territory’s intangible assets. This tool allows the management of the sustainable development of a region where a multinational company has located, paying special attention to the way that this type of company can influence the development of the region.

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