Abstract
Financial capital is easy to measure, being reported in terms of monetary units, say dollars. Other financial units, say Euros, have known conversion rates for any point in time. The essential value of money is what it can purchase in the future. While intellectual capital is diverse it can also be valued according to its future benefits. The shared metric for our purpose is its contribution to future corporate earnings. The concepts introduced in this chapter are a prerequisite to the valuation methods described in Chap. 5.
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Wiederhold, G. (2014). The Value of Intellectual Capital. In: Valuing Intellectual Capital. Management for Professionals. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-6611-6_3
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