Scholarly record
VALUATION PRACTICES OF INTANGIBLE ASSETS IN ESTONIA
Abstract
The purpose of the article is to examine best valuation practices of intangible assets in Estonia. The paper gives an overview of the methods that Estonian experts use to value intangibles and compare them to the methods and approaches recommended by financial theory. We carried out several dozen interviews with venture capitalists and experts within consultancy and auditory firms. Our main findings indicate that the experience of Estonian financial professionals in the field of valuation of intangibles is rather modest. Still, large auditory and consultation firms have developed their own evaluation methodology for the valuation of intangible assets, while the methodological aspects are not that clearly distinguishable in smaller companies. According to the experts, three classical methods are predominantly used for the valuation of intangible properties: cost-based, market-based and income-based method. Option-based approach has been adopted in just a few cases. Income-based approach is the preferred one, although cost-based method has been utilized, too. Market-based approach has oftentimes been not applicable because of the lack of comparable market transactions in Estonia.
Publication Impact Profile
- Captures
- Mendeley - Readers: 4
Publication details
ReferencesPending
Structured references will appear here after the reference import pass. The count is preserved now so the scholarly record is not incomplete.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
