Purpose The purpose of this paper is to enrich the scientific and managerial debate on intangibles by placing the concept of key money within the broader concept of Intellectual Capital, and by proposing an evaluation approach for a portion of the latter, focusing the analysis on fashion retailers. Design/methodology/approach This research focuses on the fashion industry, given that key money gains particular significance and accounted for in fashion retailers' financial statements. A comparative case study is presented with regard to the application of two evaluation methods proposed to some fashion retailers operating in Italy. Findings This paper defines a suitable placement for key money within the vast structure of intellectual capital. The research shows that the two methods give "very close" key money values, thus laying the foundations for a theoretical articulation of interest to be further explored in future researches. Originality/value The document represents a first in-depth examination regarding the evaluation and inclusion of key money in the intellectual capital. A further element of originality lies in having interpreted the key money in a perspective closer to the world of intangibles and competitive strategies, to the detriment of the previous (meagre) settings that placed it within the real estate branches of study.

Evaluating fashion retailers' intellectual capital: key money as a part of customer capital / Fiano, F; Mueller, J; Paoloni, N; Farina Briamonte, M; Magni, D. - In: JOURNAL OF INTELLECTUAL CAPITAL. - ISSN 1469-1930. - 23:2(2022), pp. 173-194. [10.1108/JIC-12-2019-0287]

Evaluating fashion retailers' intellectual capital: key money as a part of customer capital

Farina Briamonte, M;
2022

Abstract

Purpose The purpose of this paper is to enrich the scientific and managerial debate on intangibles by placing the concept of key money within the broader concept of Intellectual Capital, and by proposing an evaluation approach for a portion of the latter, focusing the analysis on fashion retailers. Design/methodology/approach This research focuses on the fashion industry, given that key money gains particular significance and accounted for in fashion retailers' financial statements. A comparative case study is presented with regard to the application of two evaluation methods proposed to some fashion retailers operating in Italy. Findings This paper defines a suitable placement for key money within the vast structure of intellectual capital. The research shows that the two methods give "very close" key money values, thus laying the foundations for a theoretical articulation of interest to be further explored in future researches. Originality/value The document represents a first in-depth examination regarding the evaluation and inclusion of key money in the intellectual capital. A further element of originality lies in having interpreted the key money in a perspective closer to the world of intangibles and competitive strategies, to the detriment of the previous (meagre) settings that placed it within the real estate branches of study.
Evaluating fashion retailers' intellectual capital: key money as a part of customer capital / Fiano, F; Mueller, J; Paoloni, N; Farina Briamonte, M; Magni, D. - In: JOURNAL OF INTELLECTUAL CAPITAL. - ISSN 1469-1930. - 23:2(2022), pp. 173-194. [10.1108/JIC-12-2019-0287]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11388/297046
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