IC Knowledge Center Contributors:
I recently read a 2007 piece titled 'Positioning the Retail Firm for Future Value' by Frank Acito and Theresa Williams (Indiana University - Center for Education and Research in Retailing) in which they used Tobin's q theory to measure value of intangibles.
I would be interested to know if anyone has used Tobin's q, it's relevance to intangibles, and general thoughts about its current applicability.
I used it with some of my research work on corporate social capital. Its a sophistication of a market to book ratio using replacement rather than book values. Its better than market to book so if you are planning to use that then its a better reflection. Of course you have to have a market value, so if your organisations isn't publicly listed then you can't get the data.