Please use this identifier to cite or link to this item:
https://hdl.handle.net/11000/33277
Valuation of Intangible Assets: The Value of Voluntary Certifications
Title: Valuation of Intangible Assets: The Value of Voluntary Certifications |
Authors: Brotons, José M. Sansalvador, Manuel E. |
Editor: Academic of economics studies |
Department: Departamentos de la UMH::Estudios Económicos y Financieros |
Issue Date: 2024 |
URI: https://hdl.handle.net/11000/33277 |
Abstract:
Among the intangible assets acquired by companies, voluntary certifications have
gained increasing importance. The most notable of these is the certification of quality
management systems, but demands by citizens and social groups have brought about the
introduction of other voluntary certifications in diverse areas such as the environment or
corporate social responsibility. In this paper, we present a tool to facilitate their valuation.
The methodology proposed is based on discounted cash flows in fuzzy environments.
However, given its voluntary nature, one of the features of certification is that every
organisation can choose to discontinue if they wish to do so. This option to discontinue
certification will be valued using fuzzy real options. In order to calibrate the real possibility
of a company opting to discontinue, expert opinion will be included and aggregated by using
Ordered Weighted Averaging (OWA). Finally, the proposed valuation model will be applied
to a case study.
|
Keywords/Subjects: intangible assets fuzzy logic business valuation voluntary certifications case study |
Knowledge area: CDU: Ciencias sociales: Economía |
Type of document: application/pdf |
Access rights: info:eu-repo/semantics/openAccess |
DOI: https://doi.org/10.24818/18423264/58.3.24.10 |
Appears in Collections: Artículos Estudios Económicos y Financieros
|
???jsp.display-item.text9???