Thesis (Ph. D.)--Stanford University, 1999. / Includes bibliographical references (leaves 92-97).

Thesis (doctoral)--Technische Universität, Berlin, 2009. / Includes bibliographic references (p.223-269).

<p>The volatility of share prices is an important variable in most asset pricing models and option pricing formulas.Valuation of volatility of share prices have become a major challenge with the development of the knowledge-driven economy as evidence suggest that not all elements of company wealth are physical in nature.</p><p>The purpose of this project entitled “The intensity of the firm’s intangible asset on the volatility of their stock price” is to check if the intensity of intangible assets in a firm’s balance sheet affects the volatility of their stock price. A brief overview of intangible assets is also included in this study.</p><p>An OLS regression was run and the results of the entire data set gives a negative correlation between intensity of intangible assets and volatility of stock prices probably due to the fact that the volatility of the firm share prices are driven by uncertainty and expectation of future growth. An industry-grouping regression was carried out, the results shows that for basic pharmaceuticals there is a positive correlation between the intensity of intangible assets and their price volatility while the other three industry groups produce a negative correlation.</p><p>The study relies on secondary data of randomly selected fourty (40) publicly traded companies in Europe from four different industry groupings namely: manufacture of basic pharmaceuticals, manufacture of food products and beverages, information technology and manufacture of basic metals.</p>

This dissertation investigates the role of architecture in the conservation of intangible heritage with specific reference to the ‘Marabi’ culture, a vibrant township culture unique to Marabastad in the North West of Pretoria which played a formative role in the development of South African popular culture from as early as the 1930’s. Due to the relocation of its citizens, the demolition of the Royal Theatre (together with the decommissioning of the Empire and Orient theatres) and the increasing effects of global cultural homogenization Marabastad has become dislocated from its cultural heritage. The principle aim of the dissertation is to re-introduce aspects of Marabastad’s cultural heritage within it’s current context. The proposal intends to revive historical cultural practices by re-establishing the physical loci that once hosted them, which in the context of Marabastad, are the The Royal, Empire and Orient theatres. The proposed intervention focuses specifically on the site of the Royal Theatre which was demolished in 1967. The project aims to (re)introduce a multi-form theatre on the site which will once again facilitate the cultural practices unique to the Marabi culture. The architectural response is informed primarily by the following: 1. The historical function of the ‘Marabi’ theatre as a multi-use, adaptable space that had to accommodate a variety of functions such as town hall, cinema, school, church hall, events venue, dancehall and theatre. 2. An analysis of the existing historical built fabric of Marabastad (which reveals a complex layering of thresholds). 3. Programmatic requirements: Multi-form theatre with shebeen, informal restaurant, recording studio and artist accommodation. 4. Amalgamation of performance space with public space within a historical meaning framework. 5. Response to contextual conditions, both current and proposed in the 2002 Aziz Tayob Meyer Pienaar Integrated Spacial Design Framework. / Dissertation (MArch(Prof))--University of Pretoria, 2011. / Architecture / unrestricted

No description available.

No description available.

The thesis is to discuss how to design for our time(2005) while respecting traditional Chinese culture and philosophy. It proposes a solution to the conflict between traditional Chinese architecture and modernization patterned after the West. It is an attempt to respond to the question: how can these two different cultural and architectural issues be successfully balanced to support architectural environment in modern China? Instead of using superficial cultural symbols to represent traditional culture, the thesis explores the architectural implications of the inherent principles in Chinese philosophy, through the design of a library for the city of Nanjing. / Master of Architecture

Acquisitions are regarded as a strategy to redeploy a firm's intangible assets, apart from tangible assets. A critical intangible asset to be redeployed in acquisitions is nonmarket capital, particularly in emerging economies. Nonmarket capital, defined as political capital, social capital and reputational capital that increase firm's institutional relatedness, has been viewed as an intangible asset of salient importance in emerging economies, for it can help firms enhance legitimacy, access market information and resources, and reduce uncertainty. And yet, the role of nonmarket capital in corporate acquisitions has been understudied. The main objective of this dissertation is to provide a comprehensive analysis of functions and dimensions of nonmarket capital, and examine how nonmarket capital is related to an emerging economy firm's acquisition strategy and performance. / Drawing from resource-based view and the signaling theory, I posit that substantial nonmarket capital generates value via substantial functions execution and by directly facilitating business transactions, while symbolic nonmarket capital helps signal a firm's underlying attributes and reduce market uncertainties. Accordingly, acquiring firms should leverage their nonmarket capital such that its substantive and symbolic functions can be effectively redeployed in target firms. In this study, I focus on three main target attributes, i.e. state ownership, product relatedness, and listing status that represent the uniqueness of strategic factor markets---political, product, and capital markets---in emerging economies. / Key words: nonmarket capital, acquisitions, China / This dissertation aims to offer several contributions. First, this study enriches the concept of nonmarket capital by theorizing its different functions and dimensions, using the resource-based view and the signaling theory. Second, the study extends the acquisition literature to emerging economies context by highlighting nonmarket capital as a unique intangible asset to be redeployed in acquisitions and effects of nonmarket capital on corporate acquisitions. Finally, the study also offers strategic implications to managers in emerging economies by suggesting how they can leverage (or deploy) their nonmarket capital portfolios in pursuing corporate acquisition strategy. / Using China as the empirical context, data of615 listed firms for 2003-2006 show that: (1) symbolic, instead of substantial, political capital interacts with state-owned targets and is positively related to firm performance; (2) substantial social capital is positively related to product-unrelated targets and such strategy leads to superior firm performance; and (3) symbolic, as opposed to substantial, reputational capital positively affects firm performance in case of unlisted targets. / Zhang, Lingqing. / Advisers: Hang-yue Ngo; Daphne W. Y. Yiu; Kenneth S. K. Law. / Source: Dissertation Abstracts International, Volume: 73-06, Section: A, page: . / Thesis (Ph.D.)--Chinese University of Hong Kong, 2011. / Includes bibliographical references (leaves 186-204). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [201-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [201-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract also in Chinese.

La mesure de la valeur immatérielle de l’entreprise est un sujet de grande préoccupation depuis des années. La présente thèse propose un modèle intégré de mesure de la valeur immatérielle des entreprises. Elle découle d’une alternance permanente entre de la modélisation empirique, des expérimentations en entreprises et des preuves académiques des mêmes concepts et résultats. Elle tente de répondre à cinq besoins qui étaient non couverts ou insuffisamment couverts dans le domaine de l’immatériel:1. Etablir la nécessité pour l’évaluation du capital immatériel d’une approche systémique.2. Définir une taxonomie d’actifs qui incorpore toutes les composantes de l’entreprise qui sont objectivement impliquées dans le processus de création de valeur et dont la durée de vie est supérieure à 12 mois; c’est-à-dire tous les éléments qui ont une valeur.3. Établir des règles claires qui permettent de comprendre l’articulation entre cette taxonomie et un bilan comptable d’entreprise.4. Montrer que les évaluations extra-financières de composantes immatérielles produites par le modèle propose sont corrélées de façon robuste à la performance économique des firmes, ce qui valide la pertinence de la taxonomie et du rating extra-financier proposes5. Proposer un ensemble d'outils cohérents pour calculer la valeur financière des actifs immatériels et par extension des entreprises qui prennent en compte leurs actifs physiques, financiers et immatériels. Montrer que les valorisations qui en découlent sont cohérentes par rapport aux approches classiques mais également qu’elles apportent aux praticiens de l’évaluation des outils précieux qui réduisent le risque d’erreur.Au final, le modèle proposé offre:1. une taxonomie d’actifs qui soit complémentaire à la norme IAS-IFRS et qui permette de produire un bilan étendu,2. une méthode d'évaluation extra-financière,3. une démarche structurée pour l’évaluation financière des actifs immatériels et par extension des entreprises. / Measuring the intangible value of a company has been a subject of great concern for years. This thesis proposes an integrated model for measuring the intangible value of companies. It stems from a permanent alternation between empirical modeling, business experiments and academic evidence of the same concepts and results. It tries to meet five needs that were not covered or insufficiently covered in the field of intangible:1. Establish a systemic approach to the evaluation of intangible capital.2. Define an asset taxonomy that incorporates all the components of a firm that are objectively involved in the value creation process and whose lifetime is greater than 12 months; that is, all elements that have a value.3. Establish clear rules for understanding the relationship between this taxonomy and corporate accounting.4. Show that extra-financial assessments of intangible components produced by the proposed model are robustly correlated with firms' economic performance, validating the relevance of the taxonomy and the rating proposed5. Propose a coherent set of tools for calculating the financial value of intangible assets and, by extension, of companies that take into account their physical, financial and intangible assets. Show that the resulting valuations are consistent with conventional approaches, but also that they provide valuation practitioners with valuable tools that reduce the risk of error.In the end, the proposed model offers:1. an asset taxonomy that complements the IAS-IFRS standard and allows the production of an extensive balance sheet,2. an extra-financial evaluation method,3. a structured approach for the financial evaluation of intangible assets and by extension of enterprises.

This thesis is concerned with accounting for the brand management function. Two distinct perspectives are taken: the first derives from aspects of organisational and behavioural accounting research, and the second concerns organisational implications of brand valuation. Both perspectives were initially approached by means of exploratory interviews and a literature review. Hypotheses pertaining to the first perspective were analysed via survey data collected in nine strongly-branded, fast-moving consumer goods (FMCG) companies. Propositions concerned with the implications of brand valuation were developed and used as the basis for measuring attitudes to brand valuation. A questionnaire concerned with brand valuation attitudes was administered to senior-ranking officials in strongly-branded, FMCG companies. The final methodological phase, for both perspectives, involved a case study conducted in a strongly-branded, FMCG company. Significant findings arising from this study include: 1) Managers who see their company as being short-termist, hold more positive attitudes to brand valuation. 2) Marketing-orientated managers are more favourably disposed to brand valuation than accounting-orientated managers. 3) Organisational benefits arising from brand valuation are more strategically, than operationally, orientated. 4) Brand manager budget participation is significantly negatively-related to job-related tension, and positivelyrelated to trust in superior and attitude to reliance on accounting performance measures. 5) Budget participation is more effective in reducing jobrelated tension in situations of high, compared to low, task uncertainty situations. 6) Reliance on a brand manager's accounting performance is positively related to brand manager performance and motivation, and negatively associated with job-related tension.