INTANGIBLE ASSETS AND CAPITAL STRUCTURE

@inproceedings{Lim2014INTANGIBLEAA,
  title={INTANGIBLE ASSETS AND CAPITAL STRUCTURE},
  author={S. C. Johnson Lim},
  year={2014}
}
While intangible assets represent substantial proportions of corporate assets, they are largely absent from balance sheets. Consequently, the empirical capital structure research has struggled to quantify the effects of intangible assets on leverage. High valuation risk and poor collateralizability can discourage debt financing, but some intangible assets are separately identifiable, valuable, and collateralizable, and may therefore support debt. Utilizing a recent accounting rule change that… CONTINUE READING

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