This article is a literature survey on intangibles and their impact on value relevance research. We seek to answer the question of intangibles recognition on the balance sheet. We focus on R&D, advertising expenses and patents as intangibles. Two results emerge: intangibles seem to have statistical links with market-based performance measures, but the findings of these empirical studies are highly dependent on institutional factors and the market conditions of sample firms. This paper contributes to be literature by presenting evidence that intangibles are not a distinct issue in accounting.The question of intangibles is central to the accounting issue of asset's recognition. Moreover it proposes avenues for future research.
JENY, A. (2010). Value Relevance of Financial Information and Intangible Assets: A Literature Review. In: 31ème Congrès de l'AFC (Site internet). Association Francophone de Comptabilité (AFC).