Business and Management in the Age of Intangible Capitalism

Introduction

The rise of intangible capitalism is a complex socio-economic phenomenon that has gained momentum in recent years. Based on some recent estimates, 90 percent of the value of S&P 500 companies consists of intangible assets. This shift can be attributed to various factors, including human development, globalization, technological progress, and evolving economic structures. In intangible capitalism, economic value is generated by manipulating ideas rather than transforming physical assets. Intangible assets refer to a broad category of nonphysical assets such as intellectual properties, brand values, human capital, trade secrets, and unidentifiable assets such as goodwill. Intangible assets, in contrast to tangible assets, exhibit distinct ...