Faculty of Management, University of Tehran, Tehran, Iran.
Abstract
Assets that have no value in themselves but derive their value from another asset are called financial assets. For example, stocks, bonds, or bank deposits are all financial assets or paper assets. Financial assets (as opposed to real assets) are classified as intangible assets (a company's share of a company's assets). Intangible assets are financed by the issuance of one of the types of financial assets in the form of capital instruments (property) or loan instruments (debt).