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Replication data for: The Value and Ownership of Intangible Capital

Version
V0
Resource Type
Dataset
Creator
  • Eisfeldt, Andrea L.
  • Papanikolaou, Dimitris
Publication Date
2014-05-01
Description
  • Abstract

    Intangible capital which relies on essential human inputs, or "organization capital," presents a unique challenge for measurement. Organization capital cannot be fully owned by firms' financiers, because it is partly embodied in key labor inputs. Instead, cash flows must be shared with key talent and thus neither book nor market values will fully capture its value. Measurement of organization capital requires a model featuring these unique property rights. We use accounting data along with a simple example of such a model to measure the fraction of the US capital stock which is missing from book and market values.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.104.5.189 (Text)
Publications
  • Eisfeldt, Andrea L., and Dimitris Papanikolaou. “The Value and Ownership of Intangible Capital.” American Economic Review 104, no. 5 (May 2014): 189–94. https://doi.org/10.1257/aer.104.5.189.
    • ID: 10.1257/aer.104.5.189 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Eisfeldt, Andrea L.; Papanikolaou, Dimitris (2014): Replication data for: The Value and Ownership of Intangible Capital. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112776