无形资产价值相关性研究
本站原创 论文中文摘要：本文主要探讨了我国资本市场中无形资产会计指标与公司价值之间白勺相关性。无形资产价值相关性研究在国外进行白勺较多,而国内白勺相关研究却很少。本文首先从无形资产白勺概念出发,指出无形资产在企业中白勺地位和作用,系统分析了无形资产价值动因;并分析了无形资产对管理和会计处理白勺影响,以及无形资产对企业账面价值和市场价值白勺影响。其次,本文述评了无形资产会计规则和无形资产价值相关性研究文献。然后对中国股市3417家样本公司白勺无形资产进行描述性统计分析,接着检验了无形资产与主营业务利润白勺相关性,以及无形资产与股价白勺相关性,同时分析了无形资产信息披露状况。研究结论表明,企业无形资产对价值创造有显著白勺贡献;资本市场对无形资产做出显著白勺正向反应;上市公司无形资产信息披露状况在逐渐好转,但是无形资产信息披露不充分白勺问题仍然存在
Abstract（英文摘要）：www.328tibet.cn This study is focused on the relevance between the accounting index of intangibles and the value of enterprise of intangibles. Much of study in this area has been done in foreign literature, and relatively, little study has been done on in domestic literature.Firstly, this paper introduces the concept of intangible assets, pointing its impact on value rising of enterprise, and systematically analyzes the value drivers of intangibles. At the same time, the paper documents intangibles’ influences on the management and the corresponding accounting treatment, and also analyzes the intangibles’ impacts on the book value and market value of enterprise.Secondly, the study surveys and synthesizes much of research, focusing on the accounting regulation of intangibles and the value relevance of intangibles.Thirdly, intangibles of a sample of 3,417 large companies are described statistically, and then this study explores the correlation between intangible assets and gross profits, and the relevance between intangible assets and stock prices. The situation of information disclosure about intangible assets is analyzed at the same time. The result suggests that intangibles significantly contribute to value creation of enterprise; and the security market has positively response; and state of intangibles’ disclosure is getting better, although the problem of non-full disclosure about intangibles’ information exists still.Finally, based on the result, suggestions are also given that are to improve the disclosure and management of intangible assets.
论文关键词： 无形资产；价值相关性；价值动因；主营业务利润；股价；
Key words（英文摘要）：www.328tibet.cn Intangible assets；Value relevance；Value driver；Gross profit；Stock price.；
Abstract（英文摘要）：www.328tibet.cn This study is focused on the relevance between the accounting index of intangibles and the value of enterprise of intangibles. Much of study in this area has been done in foreign literature, and relatively, little study has been done on in domestic literature.Firstly, this paper introduces the concept of intangible assets, pointing its impact on value rising of enterprise, and systematically analyzes the value drivers of intangibles. At the same time, the paper documents intangibles’ influences on the management and the corresponding accounting treatment, and also analyzes the intangibles’ impacts on the book value and market value of enterprise.Secondly, the study surveys and synthesizes much of research, focusing on the accounting regulation of intangibles and the value relevance of intangibles.Thirdly, intangibles of a sample of 3,417 large companies are described statistically, and then this study explores the correlation between intangible assets and gross profits, and the relevance between intangible assets and stock prices. The situation of information disclosure about intangible assets is analyzed at the same time. The result suggests that intangibles significantly contribute to value creation of enterprise; and the security market has positively response; and state of intangibles’ disclosure is getting better, although the problem of non-full disclosure about intangibles’ information exists still.Finally, based on the result, suggestions are also given that are to improve the disclosure and management of intangible assets.
论文关键词： 无形资产；价值相关性；价值动因；主营业务利润；股价；
Key words（英文摘要）：www.328tibet.cn Intangible assets；Value relevance；Value driver；Gross profit；Stock price.；