Intangible assets – the key to economic growth of companies

Nowadays, intellectual property makes an increasing contribution not only to the development of the technological process, but is also a key factor in the growth of most companies. The growing attention to intangible assets is interpreted not only by scientific interest, but also by direct practical returns from the use of this type of asset. The investment activities of companies in recent years are largely related to intellectual property. This article reveals several key questions that arise when analyzing this topic. The article underlines the importance of intangible assets through numerous quantitative assessments, highlighting their impact on economic performance. While primarily focusing on existing research conducted in Western economies, we will also touch upon studies that delve into the size and influence of intangible assets. Furthermore, we will shift our attention to the challenges faced at the firm level concerning intangible asset management. These challenges encompass tasks such as identifying and evaluating intangible assets, as well as effectively managing knowledge-intensive firms. It is worth noting that the lack of data in the field of intellectual property poses a hindrance to progress at all levels. Therefore, it is crucial to take steps towards improving the valuation of intangible assets, making investments in them, and maximizing their potential as a source of economic growth.