Vol.8, No.2, May 2019.                                                                                                                                                                             ISSN: 2217-8309

                                                                                                                                                                                                                        eISSN: 2217-8333

TEM Journal

TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS

Association for Information Communication Technology Education and Science

The QuIC: Quantitative Intellectual Capital-based methodology for Firm Valuation

Gianpaolo Iazzolino, Giuseppe Migliano, Natale Guarnaccia

© 2019 Gianpaolo Iazzolino, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)

Citation Information: TEM Journal. Volume 8, Issue 2, Pages 525-537, ISSN 2217-8309, DOI: 10.18421/TEM82-28, May 2019.

Received: 06 February 2019.
Accepted: 22 April 2019.
Published: 27 May 2019.

Abstract:

The paper proposes a new methodology for evaluating the market value of firms (QuIC – Quantitative Intellectual Capital-based methodology for Firm Valuation) that considers Intellectual Capital (IC) as an important factor that can influence the overall value.
Findings show that this approach gives a more fair evaluation able of taking account of the “hidden” value that could remain unconsidered when applying “traditional” valuation approaches. In fact, findings demonstrated that, from a financial standpoint, the difference between DCF and QuIC evaluation can be recognised as the worth of intellectual capital assets.

Keywords –Discounted Cash Flow, Intellectual Capital, Financial performances, Market Value.

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