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Management – The Most Valuable Intangible Asset

Author

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  • DRAGOS MIHAI IPATE
  • IULIANA PARVU

Abstract

The importance of the intangible assets for the whole economic system is nowadays unanimously accepted and acknowledged. Between them, various authors consider that the management becomes the most important of the intangibles, and the framing of an measurement system (indexes and methodology) of the effects determined by the way in which the organizations are administered is a real challenge. This study proposes a mathematic model of quantification of the surplus value brought by the management into a company, thus becoming the main cause of the organizational success or failure. The method was applied to a company quoted on the Bucharest Stock Market, and the authors believe that is has real chances to be applied for any type of business.

Suggested Citation

  • Dragos Mihai Ipate & Iuliana Parvu, 2011. "Management – The Most Valuable Intangible Asset," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 3(3 (Novemb), pages 300-308.
  • Handle: RePEc:shc:jaresh:v:3:y:2011:i:3:p:300-308
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    References listed on IDEAS

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    More about this item

    Keywords

    intangible assets; management of the company’s value; optimization; evaluation.;

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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