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Financial Information Related to Dynamic Capabilities: The Corporate Innovation Platform
Mälardalen University, School of Business, Society and Engineering, Industrial Economics and Organisation. (Industriell ekonomi och organisation)ORCID iD: 0000-0001-8916-6450
2014 (English)In: Research in Business and Management, ISSN 2330-8362, Vol. 1, no 1Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to suggest an empirically based model for identification,

recognition and measurement of internally generated intangible assets (IIAs) that meets the

fundamental qualitative characteristics of useful financial information. The paper sets out to

empirically test observed relations reflecting new product development activities and their

economic consequences in listed companies, by means of personal interviews with senior

managers, selected on the basis of their knowledge in the specificities of the innovation

process in their firm by means of a phenomenographic analysis the identified relations are

conceptualized in terms of logically related categories. There seems to be a match between

the identified observed relations and the recognition requirements that International

Accounting Standard (IAS) 38.57 sets out, which indicates that the requirements are relevant

and information meeting the requirements may faithfully represent what it purports to

represent or reasonably can be expected to represent. By relating the recognition and

measurement of IIAs to the proposed model the linkage between IIAs and related

organizational mechanisms will be made more explicit which may improve the

representational faithfulness of the financial information. One of the practical implications of

this study is that an entity specific control system based on the recognition criteria presented

in paragraph IAS 38.57 can improve the robustness of recognized IIAs arising from

innovative activities. By building a bridge between the dynamic capability literature and the

accounting literature the paper develops a new model of how to account for IIAs.

Place, publisher, year, edition, pages
MacroThink Institute , 2014. Vol. 1, no 1
Keyword [en]
internally generated intangible assets, recognition and measurement, corporate
National Category
Business Administration
Research subject
Industrial Economics and Organisations
URN: urn:nbn:se:mdh:diva-22347DOI: 10.5296/rbm.v1i1.4496OAI: diva2:661379
Available from: 2013-11-03 Created: 2013-11-03 Last updated: 2016-01-22Bibliographically approved

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