{"id":"https://openalex.org/W2180185802","doi":"https://doi.org/10.4018/ijebr.2015100102","title":"Financial Valuation of a Business Model as an Intangible Asset","display_name":"Financial Valuation of a Business Model as an Intangible Asset","publication_year":2015,"publication_date":"2015-10-01","ids":{"openalex":"https://openalex.org/W2180185802","doi":"https://doi.org/10.4018/ijebr.2015100102","mag":"2180185802"},"language":"en","primary_location":{"id":"doi:10.4018/ijebr.2015100102","is_oa":false,"landing_page_url":"https://doi.org/10.4018/ijebr.2015100102","pdf_url":null,"source":{"id":"https://openalex.org/S77020770","display_name":"International Journal of E-Business Research","issn_l":"1548-1131","issn":["1548-1131","1548-114X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of E-Business Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5046888340","display_name":"Payam Hanafizadeh","orcid":"https://orcid.org/0000-0002-5233-987X"},"institutions":[{"id":"https://openalex.org/I200432940","display_name":"Allameh Tabataba'i University","ror":"https://ror.org/02cc4gc68","country_code":"IR","type":"education","lineage":["https://openalex.org/I200432940"]}],"countries":["IR"],"is_corresponding":false,"raw_author_name":"Payam Hanafizadeh","raw_affiliation_strings":["Faculty of Management and Accounting, Allameh Tabataba'i University, Tehran, Iran"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Management and Accounting, Allameh Tabataba'i University, Tehran, Iran","institution_ids":["https://openalex.org/I200432940"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5063607070","display_name":"Seyed Saeed Hosseinioun","orcid":null},"institutions":[{"id":"https://openalex.org/I11750234","display_name":"University of Science and Culture","ror":"https://ror.org/048e0p659","country_code":"IR","type":"education","lineage":["https://openalex.org/I11750234"]}],"countries":["IR"],"is_corresponding":false,"raw_author_name":"Seyed Saeed Hosseinioun","raw_affiliation_strings":["University of Science and Culture, Tehran, Iran"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Science and Culture, Tehran, Iran","institution_ids":["https://openalex.org/I11750234"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5021525840","display_name":"Hamid Reza Khedmatgozar","orcid":"https://orcid.org/0000-0003-2259-9811"},"institutions":[{"id":"https://openalex.org/I2802500176","display_name":"Iranian Research Organization for Science and Technology","ror":"https://ror.org/017zx9g19","country_code":"IR","type":"facility","lineage":["https://openalex.org/I2802500176"]},{"id":"https://openalex.org/I4392738136","display_name":"Iranian Research Institute for Information Science and Technology","ror":"https://ror.org/00xexfj57","country_code":null,"type":"facility","lineage":["https://openalex.org/I4392738136"]}],"countries":["IR"],"is_corresponding":false,"raw_author_name":"Hamid Reza Khedmatgozar","raw_affiliation_strings":["Iranian Research Institute for Information Science and Technology (IRANDOC), Tehran, Iran"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Iranian Research Institute for Information Science and Technology (IRANDOC), Tehran, Iran","institution_ids":["https://openalex.org/I2802500176","https://openalex.org/I4392738136"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.4112,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.88120352,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"11","issue":"4","first_page":"17","last_page":"31"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.9811999797821045,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.963100016117096,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.718565046787262},{"id":"https://openalex.org/keywords/intangible-asset","display_name":"Intangible asset","score":0.6019242405891418},{"id":"https://openalex.org/keywords/pre-money-valuation","display_name":"Pre-money valuation","score":0.5941541790962219},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5870801210403442},{"id":"https://openalex.org/keywords/book-value","display_name":"Book value","score":0.5295979380607605},{"id":"https://openalex.org/keywords/business-model","display_name":"Business model","score":0.5201090574264526},{"id":"https://openalex.org/keywords/business-valuation","display_name":"Business valuation","score":0.4968757927417755},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.4708292782306671},{"id":"https://openalex.org/keywords/competitive-advantage","display_name":"Competitive advantage","score":0.46579062938690186},{"id":"https://openalex.org/keywords/business-value","display_name":"Business value","score":0.44436368346214294},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.4413139224052429},{"id":"https://openalex.org/keywords/corporation","display_name":"Corporation","score":0.4301253855228424},{"id":"https://openalex.org/keywords/asset","display_name":"Asset (computer security)","score":0.42013972997665405},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.35807615518569946},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.26418536901474},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.24501267075538635},{"id":"https://openalex.org/keywords/earnings","display_name":"Earnings","score":0.2081998586654663}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.718565046787262},{"id":"https://openalex.org/C2778380070","wikidata":"https://www.wikidata.org/wiki/Q427581","display_name":"Intangible asset","level":2,"score":0.6019242405891418},{"id":"https://openalex.org/C43269997","wikidata":"https://www.wikidata.org/wiki/Q7239248","display_name":"Pre-money valuation","level":3,"score":0.5941541790962219},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5870801210403442},{"id":"https://openalex.org/C169824061","wikidata":"https://www.wikidata.org/wiki/Q1761731","display_name":"Book value","level":3,"score":0.5295979380607605},{"id":"https://openalex.org/C4216890","wikidata":"https://www.wikidata.org/wiki/Q815823","display_name":"Business model","level":2,"score":0.5201090574264526},{"id":"https://openalex.org/C2781129745","wikidata":"https://www.wikidata.org/wiki/Q1322967","display_name":"Business valuation","level":3,"score":0.4968757927417755},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4708292782306671},{"id":"https://openalex.org/C58546491","wikidata":"https://www.wikidata.org/wiki/Q1150207","display_name":"Competitive advantage","level":2,"score":0.46579062938690186},{"id":"https://openalex.org/C147239956","wikidata":"https://www.wikidata.org/wiki/Q556441","display_name":"Business value","level":3,"score":0.44436368346214294},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4413139224052429},{"id":"https://openalex.org/C2778348171","wikidata":"https://www.wikidata.org/wiki/Q167037","display_name":"Corporation","level":2,"score":0.4301253855228424},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.42013972997665405},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35807615518569946},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.26418536901474},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.24501267075538635},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.2081998586654663},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.4018/ijebr.2015100102","is_oa":false,"landing_page_url":"https://doi.org/10.4018/ijebr.2015100102","pdf_url":null,"source":{"id":"https://openalex.org/S77020770","display_name":"International Journal of E-Business Research","issn_l":"1548-1131","issn":["1548-1131","1548-114X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of E-Business Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:igg:jebr00:v:11:y:2015:i:4:p:17-31","is_oa":false,"landing_page_url":"https://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJEBR.2015100102","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W141057302","https://openalex.org/W155049880","https://openalex.org/W205885387","https://openalex.org/W235164749","https://openalex.org/W1905961228","https://openalex.org/W1964546750","https://openalex.org/W1993307449","https://openalex.org/W1993910593","https://openalex.org/W1999236988","https://openalex.org/W2034624865","https://openalex.org/W2080549183","https://openalex.org/W2095261447","https://openalex.org/W2132789787","https://openalex.org/W2136071264","https://openalex.org/W2140699752","https://openalex.org/W2141647475","https://openalex.org/W2165086204","https://openalex.org/W2257814731","https://openalex.org/W2599439285","https://openalex.org/W3123643394"],"related_works":["https://openalex.org/W1504020110","https://openalex.org/W3097658311","https://openalex.org/W2375131527","https://openalex.org/W3015001089","https://openalex.org/W4230001860","https://openalex.org/W4253034665","https://openalex.org/W2768493788","https://openalex.org/W3202920548","https://openalex.org/W4250502269","https://openalex.org/W4387723189"],"abstract_inverted_index":{"Knowledge-based":[0],"economies":[1],"rely":[2],"greatly":[3],"on":[4,8],"intangible":[5,17],"assets.":[6],"Based":[7],"its":[9],"features,":[10],"a":[11,31,35,55,81,123],"business":[12,36,59,77,85,108],"model":[13,86],"can":[14,25],"be":[15],"an":[16],"asset;":[18],"by":[19],"posing":[20],"barriers":[21],"to":[22,53,57,126],"imitation,":[23],"it":[24],"create":[26],"competitive":[27,68],"advantage":[28],"and":[29,64,89,119,138],"increase":[30],"company's":[32],"value.":[33],"Hence,":[34],"model's":[37],"financial":[38],"valuation":[39,106],"is":[40,52,87,110],"of":[41,48,67,107,144],"great":[42],"importance.":[43],"Accordingly,":[44],"the":[45,49,65,93,100,114,142],"main":[46],"objective":[47],"present":[50],"study":[51],"design":[54],"process":[56,101],"valuate":[58],"models,":[60],"using":[61,92],"income":[62],"approach":[63],"concept":[66],"advantage.":[69],"An":[70],"active":[71],"corporation":[72],"engaged":[73],"in":[74,135,141],"daily":[75],"deal":[76],"was":[78],"chosen":[79],"as":[80],"case":[82,143],"study.":[83],"Its":[84],"identified":[88],"then":[90],"valued":[91],"proposed":[94],"process.":[95],"The":[96],"results":[97],"revealed":[98],"that":[99],"has":[102],"reasonable":[103],"accuracy.":[104],"Financial":[105],"models":[109],"useful":[111],"for":[112],"bridging":[113],"gap":[115],"between":[116],"book":[117],"value":[118],"market":[120],"value,":[121],"increasing":[122],"firm's":[124],"ability":[125],"raise":[127],"capital":[128],"from":[129],"venture":[130],"capitalists,":[131],"improving":[132],"bargaining":[133],"power":[134],"M&A":[136],"contracts":[137],"providing":[139],"support":[140],"litigation.":[145]},"counts_by_year":[{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-06-11T06:19:23.411458","created_date":"2025-10-10T00:00:00"}