Journal of Commerce and Accounting Research

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Relevance of Intangible Assets:An Opinion of Indian Practitioners


Affiliations
1 Khalsa College for Women, Civil Lines, Ludhiana, Punjab, India
2 School of Business Studies, Punjab Agricultural University, Ludhiana, Punjab, India
     

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Intangible assets are identifiable non-monetary asset without physical substance. The intangible assets are non-physical sources of value generated by innovation (discovery), unique organisational designs, or human resource practices. This paper examines the importance assigned to intangible assets, dimensions related to measurement and reporting of intangible assets and relationship between orientation towards intangible assets and selected variables. The data was collected using a structured questionnaire from 164 practitioners. It was found that intangible assets which are covered under Intellectual Property Law are accorded more important than other intangible assets. Major issues pertaining to intangible assets, in Indian context, were identified using factor analysis. Value relevance of intangible assets and management of intangibles assets were identified as the major issues. Cluster analysis was used to categorize respondents on basis of their orientation towards intangible assets. The results of correlation analysis show that there exist a positive relationship between management of intangible assets and importance assigned to intangible assets covered under intellectual property rights.

Keywords

Intangible Assets, Knowledge Assets, Intellectual Property Rights, Practitioners.
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  • Relevance of Intangible Assets:An Opinion of Indian Practitioners

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Authors

Sarishma Sharma
Khalsa College for Women, Civil Lines, Ludhiana, Punjab, India
Khushdeep Dharni
School of Business Studies, Punjab Agricultural University, Ludhiana, Punjab, India

Abstract


Intangible assets are identifiable non-monetary asset without physical substance. The intangible assets are non-physical sources of value generated by innovation (discovery), unique organisational designs, or human resource practices. This paper examines the importance assigned to intangible assets, dimensions related to measurement and reporting of intangible assets and relationship between orientation towards intangible assets and selected variables. The data was collected using a structured questionnaire from 164 practitioners. It was found that intangible assets which are covered under Intellectual Property Law are accorded more important than other intangible assets. Major issues pertaining to intangible assets, in Indian context, were identified using factor analysis. Value relevance of intangible assets and management of intangibles assets were identified as the major issues. Cluster analysis was used to categorize respondents on basis of their orientation towards intangible assets. The results of correlation analysis show that there exist a positive relationship between management of intangible assets and importance assigned to intangible assets covered under intellectual property rights.

Keywords


Intangible Assets, Knowledge Assets, Intellectual Property Rights, Practitioners.

References