无形资产信息披露的指数构建:2009～2012年创业板上市公司解析

Index Construction of Intangible Assets Information Disclosure: Analysis of China's ChiNext Companies During 2009～2012

以2009～2012年中国创业板上市公司为研究对象,基于常规与非常规无形资产的分类,挖掘招股说明书和年度报告中相关(资产负债)表内和表外信息,建立指标体系综合评价公司无形资产首次披露与持续披露情况,探索披露的总体差异与行业差异。结果表明:创业板公司无形资产首次信息披露水平逐年提升并高于逐年趋同的持续披露水平;首次披露中表内披露水平更高,持续披露中非常规无形资产表外披露水平更高;制造业无形资产信息披露水平最高,农、林、牧、渔等行业更重视无形资产表外披露。

This paper studies ChiNext companies from 2009 to 2012 combining with classical and non-classical intangible assets, collecting information from and off balance sheets via prospectus and annual reports, then constructing index system to evaluate initial and continuing intangible assets disclosure, and investigating overall and industrial differences. The results suggest that ChiNext listed companies＇ intangible assets initial disclosure has improved year by year and been better than the continuing disclosure which maintains a stable level. Initial disclosure in sheet is better, while non-classical intangible assets disclosure off sheet is better in continuing disclosure. Intangible assets disclosure of manufacturing industry is best, and other industries such as farming, forestry, animal husbandry, and fishing industry attach more importance to disclosure off sheet.