Overview
Since 2000, many researchers have recognized that intangible investment--such as R&D investment and accumulation in human and organizational capital--play crucial roles in economic growth. In line with these research topics, our research focuses on the role of intangible assets on growth at the aggregate, industry and firm levels. At the aggregate level, we aim to measure Japanese intangible investment in a way comparable with those in other advanced countries. Using the results at the aggregate level, we measure intangible investment at the industry level and examine its contribution to industry growth. At the firm level, we examine the effects of organizational structure and human resource management on firm performance.
April 1, 2011 - March 31, 2013
Major Research Results
2013
RIETI Discussion Papers
- 13-E-052
"Does the Stock Market Evaluate Intangible Assets? An empirical analysis using data of listed firms in Japan" (MIYAGAWA Tsutomu, TAKIZAWA Miho and EDAMURA Kazuma) - 13-E-044
"How Does the Market Value Management Practices? Decomposition of intangible assets" (KAWAKAMI Atsushi and ASABA Shigeru) - 13-J-038
"Intangible Investment and Firm Value in Japan" (TAKIZAWA Miho)
2012
RIETI Discussion Papers
- 12-E-037
"Measurement of Intangible Investments by Industry and Its Role in Productivity Improvement Utilizing Comparative Studies between Japan and Korea" (Hyunbae CHUN, FUKAO Kyoji, HISA Shoichi and MIYAGAWA Tsutomu) - 12-J-032
"Analysis of the Characteristics of the Innovation System for the JSIC Service Sector: A measurement of innovation factor sensitivities using a text mining method" (OZAKI Masahiko)