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Intangibles mismeasurements, synergy, and accounting numbers : a note

dc.contributor.authorRamond, Olivier
dc.contributor.authorCasta, Jean-François
dc.contributor.authorBry, Xavier
dc.date.accessioned2009-10-12T09:21:50Z
dc.date.available2009-10-12T09:21:50Z
dc.date.issued2005-09
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/2196
dc.language.isoenen
dc.subjectFinancial reportingen
dc.subjectaccounting goodwillen
dc.subjectassets synergyen
dc.subjectnon-additive measuresen
dc.subjectChoquet’s frameworken
dc.subject.ddc657en
dc.subject.classificationjelC63en
dc.subject.classificationjelG12en
dc.subject.classificationjelG31en
dc.subject.classificationjelM41en
dc.titleIntangibles mismeasurements, synergy, and accounting numbers : a noteen
dc.typeCommunication / Conférence
dc.description.abstractenFor the last two decades, authors (e.g. Ohlson, 1995; Lev, 2000, 2001) have regularly pointed out the enforcement of limitations by traditional accounting frameworks on financial reporting informativeness. Consistent with this claim, it has been then argued that accounting finds one of its major limits in not allowing for direct recognition of synergy occurring amongst the firm intangible and tangible items (Casta, 1994; Casta & Lesage, 2001). Although the firm synergy phenomenon has been widely documented in the recent accounting literature (see for instance, Hand & Lev, 2004; Lev, 2001) research hitherto has failed to provide a clear approach to assess directly and account for such a henceforth fundamental corporate factor. The objective of this paper is to raise and examine, but not address exhaustively, the specific issues induced by modelling the synergy occurring amongst the firm assets whilst pointing out the limits of traditional accounting valuation tools. Since financial accounting valuation methods are mostly based on the mathematical property of additivity, and consequently may occult the perspective of regarding the firm as an organized set of assets, we propose an alternative valuation approach based on non-additive measures issued from the Choquet's (1953) and Sugeno's (1997) framework. More precisely, we show how this integration technique with respect to a non-additive measure can be used to cope with either positive or negative synergy in a firm value-building process and then discuss its potential future implications for financial reporting.en
dc.identifier.citationpages13en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelContrôle de gestion Comptabilitéen
dc.relation.conftitleThe First workshop of The European Institute for Advanced Studies in Management (EIASM), on "Visualising, measuring, and managing intangibles and intellectual capital"en
dc.relation.confdate2005-10
dc.relation.confcityFerrareen
dc.relation.confcountryItalieen


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