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On the alternative energy front, as money has flowed into these companies, there has been a surge in enterprise value (equity and net debt) and marketcapitalization (equity value); I report both because impact investing can also take the form of green bonds, or debt, at these companies. in the 2011-2023 time period.
A more tangible way to see why intangibles have become a hot topic of discussion is to look at the evolution of the top ten companies in the world, in marketcapitalization, over time: In 1980, IBM was the largest market cap company in the world, but eight of the top ten companies were oil or manufacturing companies.
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