Determinants of the valuation of intangible assets - a contrast between Taiwanese and American IC design houses

  title={Determinants of the valuation of intangible assets - a contrast between Taiwanese and American IC design houses},
  author={Po-Young Chu and Hsing-Hwa Hsiung and Chi-Hung Huang and Chuan-Yi Yang},
The industry of IC design is asset-light but knowledge intensive and high value added. We undertook research to understand how US and Taiwan IC design houses evaluate their intangible assets, and what factors drive the value. The results show that the values of US IC design houses are higher than those of Taiwan by market capital methods. By contrast, the values of Taiwanese IC design houses are more consistent those of US firms using asset return methods. We then constructed 26 items from… CONTINUE READING


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