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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)]

  • Galindo Lucas, ALFONSO

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2160.

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Date of creation: 12 Feb 2007
Date of revision: 2007
Handle: RePEc:pra:mprapa:2160
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  1. Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
  2. Rajan, Raghuram G & Zingales, Luigi, 1998. "Power in a Theory of the Firm," CEPR Discussion Papers 1777, C.E.P.R. Discussion Papers.
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