Journal of the Korean Data and Information Science Society

The Korean Data and Information Science Society (한국데이터정보과학회)
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Kalman Filter Estimation of a Company's Intangible Assets

  • Jeong, Ki-Ho (School of Economics and Trade, Kyungpook National University) ;
  • Lee, Chun-Kyung (Credit Card Risk Management Team, Korea First Bank)
  • Published : 2002.10.31
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Abstract

A company's market value-added, which equals the excess of a company's market capitalization over it s book value, is used as one of the measures for intangible assets valuation in accounting literature. One problem with the approach is that the valuation results are affected by severe fluctuations in capital markets. In this paper, we propose an approach using the Kalman filter for intangible assets valuation. We apply this method to data of Korean electronic companies.

Keywords

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