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El Intangible Como Problema Conceptual Y La Ficción Del Valor Razonable
[Intangible assets as a conceptual problem and the fiction of fair value (in Spanish)]

Author

Listed:
  • Galindo Lucas, ALFONSO

Abstract

In an institutional framework, intangible Asset Accountancy is a convenient thing for business, but it does not necessarily find a worth theoretical justification. Within perfect information and continuous activity assumptions, it remains demonstrated that the concept of intangible stands for a theoretical problem. In real life, where sometimes information does not exists at all, neither take place other theoretical assumptions, “reasonable value” assessment for those assets becomes an accountant fiction (and a fiscal one) . Another famous problem, that one of fixed capital, concurs with the theoretical idea of none of businesses being profitable.

Suggested Citation

  • Galindo Lucas, ALFONSO, 2007. "El Intangible Como Problema Conceptual Y La Ficción Del Valor Razonable
    [Intangible assets as a conceptual problem and the fiction of fair value (in Spanish)]
    ," MPRA Paper 2160, University Library of Munich, Germany, revised 2007.
  • Handle: RePEc:pra:mprapa:2160
    as

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    File URL: https://mpra.ub.uni-muenchen.de/2160/1/MPRA_paper_2160.pdf
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    References listed on IDEAS

    as
    1. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    2. Raghuram G. Rajan & Luigi Zingales, 1998. "Power in a Theory of the Firm," The Quarterly Journal of Economics, Oxford University Press, vol. 113(2), pages 387-432.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Activos intangibles; valor razonable; empresa en funcionamiento; rentabilidad; problemas de información; mercado;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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