--- title: "Intangible Assets in Finnish Business" authors: - name: "Pajarinen, Mika" url: "https://www.etla.fi/henkilot/pajarinen-mika/" sameAs: - "https://orcid.org/0000-0001-9087-5991" - "https://scholar.google.com/citations?user=7sGKgwsAAAAJ" - name: "Rouvinen, Petri" url: "https://www.etla.fi/henkilot/rouvinen-petri/" sameAs: - "https://orcid.org/0000-0002-7666-6971" - "https://scholar.google.com/citations?user=qYHEFroAAAAJ" - "https://twitter.com/Petri_Rouvinen" date_published: "2025-06-18" series: "ETLA Working Papers" series_number: "129" issn: - "2323-2420" - "2323-2439" jel_codes: - "D22" - "L25" - "O32" - "O34" language: "en" publisher: "ETLA Economic Research" pdf_url: "https://www.etla.fi/wp-content/uploads/ETLA-Working-Papers-129.pdf" keywords: - "Intangible investments" - "Finnish firms" - "Labor productivity" - "Concentration" identifier: "https://www.etla.fi/julkaisut/id/ETLA-Working-Papers-129" abstract: "This working paper investigates intangible investments in Finnish firms from 2014 to 2019, utilizing comprehensive, register-based data from Statistics Finland. We analyze seven categories of internal intangible investments and observe that these investments are highly concentrated, with the top 10% of investors accounting for approximately two-thirds of the total. However, this concentration is comparable to that of employment, value added, and tangible investments. Firms that invest in intangibles generally exhibit higher productivity levels. Specifically, organizational capital and new financial products demonstrate a positive and statistically significant correlation with labor productivity. These findings highlight the significance of intangible investments for firm performance and offer insights into their distribution patterns within the Finnish business sector." --- # Intangible Assets in Finnish Business **Published:** 2025-06-18 **Categories:** Working Papers **Tags:** ETLA-WEF **URL:** https://www.etla.fi/en/publications/working-papers-en/intangible-assets-in-finnish-business/ #### Abstract This working paper investigates intangible investments in Finnish firms from 2014 to 2019, utilizing comprehensive, register-based data from Statistics Finland. We analyze seven categories of internal intangible investments and observe that these investments are highly concentrated, with the top 10% of investors accounting for approximately two-thirds of the total. However, this concentration is comparable to that of employment, value added, and tangible investments. Firms that invest in intangibles generally exhibit higher productivity levels. Specifically, organizational capital and new financial products demonstrate a positive and statistically significant correlation with labor productivity. These findings highlight the significance of intangible investments for firm performance and offer insights into their distribution patterns within the Finnish business sector. --- ## Additional Information **Kirjoittajat:** Pajarinen, Mika - Rouvinen, Petri **Kansikuva:** https://www.etla.fi/wp-content/uploads/etla-working-papers-129-kansi.jpg **Lataa Pdf:** https://www.etla.fi/wp-content/uploads/ETLA-Working-Papers-129.pdf **Key Words:** Intangible investments, Finnish firms, Labor productivity, Concentration **Jel:** D22, L25, O32, O34 **Paivays:** 18.06.2025 **Sivuja:** 26 **Kieli:** en **Sarja:** ETLA Working Papers **Sarja Nro:** 129 **Issn:** 2323-2420, 2323-2439 (Pdf) **Saatavuus:** 2 ## Bibliographic metadata (JSON-LD) ```json { "@context": "https://schema.org", "@type": "ScholarlyArticle", "@id": "https://www.etla.fi/julkaisut/id/ETLA-Working-Papers-129", "headline": "Intangible Assets in Finnish Business", "inLanguage": "en", "publisher": { "@type": "Organization", "name": "ETLA Economic Research", "url": "https://www.etla.fi", "logo": { "@type": "ImageObject", "url": "https://www.etla.fi/wp-content/uploads/logo-etla_logo.svg" } }, "datePublished": "2025-06-18T00:00:00+00:00", "author": [ { "@type": "Person", "name": "Pajarinen, Mika", "url": "https://www.etla.fi/henkilot/pajarinen-mika/", "sameAs": [ "https://orcid.org/0000-0001-9087-5991", "https://scholar.google.com/citations?user=7sGKgwsAAAAJ" ] }, { "@type": "Person", "name": "Rouvinen, Petri", "url": "https://www.etla.fi/henkilot/rouvinen-petri/", "sameAs": [ "https://orcid.org/0000-0002-7666-6971", "https://scholar.google.com/citations?user=qYHEFroAAAAJ", "https://twitter.com/Petri_Rouvinen" ] } ], "abstract": "This working paper investigates intangible investments in Finnish firms from 2014 to 2019, utilizing comprehensive, register-based data from Statistics Finland. 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