创新型企业无形资产价值相关性研究

Research on Value Relevance of Intangible Assets of Innovative Enterprises

为探究无形资产对创新型企业盈利能力的影响,选取科技部公布的创新型企业为样本,分析无形资产对创新型企业会计盈余质量的贡献以及纰漏的无形资产信息对投资者的有用性,并且探讨无形资产摊销信息的价值相关性。结果显示,无形资产对创新型企业会计盈余的正向影响小于对非创新型企业的影响,对创新型企业股票市价的正向影响大于对非创新型企业,但是无形资产摊销不具有价值相关性,不同类无形资产对两类企业的影响不同。最后针对创新型企业现存的问题提出相应的政策建议。

In order to explore the impact of intangible assets in innovative corporate profitability, the paper uses the empiri- cal analysis and the innovative companies published by the Ministry of Science as samples, analyzes the relevance between intangible asset and the quality of enterprise accounting surplus, the relevance between intangible assets and accounting in- formation value, and the relevance between intangible assets and the value of information amortization. The result shows that the positive impact of intangible assets on the accounting surplus of innovative enterprises is less than the impact of non - innovative enterprises and the positive influence on innovative companies stock price more than the positive influence on non- innovative enterprises. However, there isn＇ t any relevance between intangible assets and the value of information amortization, different types of intangible assets have different impacts on two types of enterprises. Finally, the paper puts forward appropriate policy recommendations to the innovative enterorises accordin~ to the existinz nroblems.