The cost of capital of intangible assets: evidence from the European market

Petrassi, Alessandro (A.A. 2021/2022) The cost of capital of intangible assets: evidence from the European market. Tesi di Laurea in Business valuation, Luiss Guido Carli, relatore Marco Vulpiani, pp. 101. [Master's Degree Thesis]

[img] PDF (Full text)
Restricted to Registered users only

Download (1MB) | Request a copy


Introduction to intangible assets. The definition of intangible asset. The classification of intangible assets. International accounting principles regulating intangible assets. Literature review. The WACC as a starting point to value intangible assets. The unlevered cost of equity as a proxy. The levered cost of equity as a proxy. How intangible assets reduce and not increase riskiness. The relationship between the cost of capital of different intangible. Intangibles in the context of a PPA and the consistency problem. Understanding the computation of the discount rate for cash flows generated by intangible assets. Unbundling intangibles and the PPA process. Intangible assets and the weighted average cost of capital. Unlevering betas. The WACC-WARA methodology. The value generation of the bundle of firms' assets. The estimation of a proxy for the cost of capital of intangible assets: an empirical analysis.


Bibliografia: pp. 85-87.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: Business valuation
Thesis Supervisor: Vulpiani, Marco
Thesis Co-Supervisor: Torrisi, Alfio
Academic Year: 2021/2022
Session: Autumn
Deposited by: Alessandro Perfetti
Date Deposited: 27 Feb 2023 10:59
Last Modified: 27 Feb 2023 10:59


Downloads per month over past year

Repository Staff Only

View Item View Item