Intangibles, Market Failure and Innovation Performance, eds. by A.Bounfour and T.Miyagawa Ch.5 113-138 2015年1月
Following Corrado et al. (Review of Income and Wealth 55:658–660, 2009), we measure intangible assets at the listed firm level in Japan. Compared to the conventional Tobin’s Q, the revised Q including intangibles is almost 1 on average, as suggest...