The impact of intangible assets on the value of FMCG companies worldwide

This article is devoted to evaluating the role of intangible assets in the process of increasing the value of a company. As a sample, we have chosen FMCG companies around the world. The research was done on 90 FMCG companies. The theoretical part presents the Value Creation Mixer model that allows visual identification and determines the role of this type of asset in creating company value. This study reveals that the majority of FMCG companies are undervalued in terms of the value of intangible assets by comparing the market value of intangible assets with the fundamental and theoretical value. Our empirical findings support the positive impact of intangible assets on companies' value based on a dynamic panel approach. The policy implications suggest managers protect intangible assets intending to maximize the value of the fast-moving consumer goods companies.& COPY; 2023 The Author(s). Published by Elsevier Espana, S.L.U. on behalf of Journal of Innovation & Knowledge. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Automated summary

This article evaluates the role of intangible assets in increasing a company's value, focusing on 90 FMCG companies worldwide. It reveals that most FMCG companies are undervalued in terms of intangible asset value compared to market, fundamental, and theoretical values. The empirical findings support the positive impact of intangible assets on company value. The policy implications suggest protecting intangible assets to maximize the value of FMCG companies.