What do we know about entrepreneurship as an intangible asset? Online publication date: Mon, 30-Nov-2015
by P.M. Rao
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 27, No. 1, 2016
Abstract: The purpose of this paper is two-fold: One, to present the argument that entrepreneurship is an important, albeit difficult-to-measure intangible asset. Two, to discuss what we do know about measurement of other intangible assets at the macro as well as the firm level. Lack of an operational definition of entrepreneur continues to plague empirical research on the role of entrepreneur for innovation. Many proxy measures for entrepreneurs have very little to do with technological innovation. The innovative use of Q ratio as a measure of 'entrepreneurial fever' and the idea of imitating entrepreneur advanced by some scholars are promising. There has been significant progress in the measurement of other intangible capital such as R&D. Intangible assets far exceed the level of tangible assets in the US economy and the conventional accounting practice of expensing intangibles results in a distorted and misleading picture not only at the firm level, but also at the macro level.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurship and Small Business (IJESB):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook