Evaluating intangible asset using panel data: applying for Vietnam listed companies

Abstract

This research tends to investigate the effect of intangible assets to company’s performance. In this research, some of methodology to evaluate sum of intangible assets will be represented and panel data will be used in model estimation. All firms used in practical examination are chosen from 250 Vietnam listed companies standing for different industries. Firms in industries could use these results to allocate investment on sum of all intangible assets other than just constructing new factories or opening new brands. Estimation shows that intangible asset take a huge proportion on total company asset. Intangible asset not only take an important part in the past performance but also explain their role as the key factor of future development. When interpreting relationship among kinds of asset and firm’s value, we recognize that intangible asset significantly impact on firm’s added value, however it do not show a clarify relationship with firm’s stock price. Reason comes from fluctuation of stock market and some external factor affecting to stock price.