The Feasibility Study Of The Intellectual Capital Report In China

In today's knowledge-based economy, the most valuable resource in the company is not the financial capital but the intellectual capital (IC). IC is not only the key method the company uses to gain the sustaining competitive advantage, but also the key driving factor for the company's innovation and profit growth. People become more and more care about the disclosure of the IC information. Therefore, we should include the IC in the report system when reporting to reflect the real value of the company.Since 1994, Skandia Company issued the first intellectual capital report (ICR), both the theory and application of IC has made a huge progress. Until now, there are about 250 companies abroad publish the ICR annually. However, the research of ICR in China is still in the beginning stage. The status is notoptimistic--only report some IC factors in the annual financial statements, andno company specially published the ICR. On the basis of utilizing the advanced research fruits of foreign countries, the author studies the current condition of IC information disclosure of the China's list companies and analyzes the feasibility of ICR in accordance with the practical situations in China to give guidance for China's ICR research.Author start study from the following aspects:The first research is to study the necessity of ICR. ICR is the essential product of the knowledge-based economy. It can offset the shortcomings of the traditional financial statements and can fulfill the needs of the external disclosure and the internal management.The second research is to study the basic theories of the IC and the ICR to lay the theoretical foundation of the dissertation in the aspects of the IC's definition, classification and hypothesis etc.The third research is to summarize the content of the IC information disclosed in the annual report of China. The study is aimed to develop a descriptive framework of the components of IC disclosed in the annual report of China.The fourth research is to analyze the feasibility of the application of ICR in China. Author use the descriptive framework of IC and statistic analysis, such as descriptive statistics, analysis of means, correlative analysis, multi-regression analysis etc., to find the evidence of IC disclosure of China's companies.The fifth research is to work out some rational advises for the application of ICR in China.The dissertation adopts the research methods as the combination of theoretical and empirical research, the combination of qualitative and quantitative analysis, literature study and comparative study etc.The dissertation's innovations are as follows:The first innovation is summarizing a descriptive framework of the components of IC in the annual report of China. The second innovation is analyzing the current situation of IC disclosure in China quantitatively by using the method of content analysis.The third innovation is showing the quantitative effect for the IC disclosure on market capitalization of China's list companies by using the foreign study model and the statistic methods such as the multi-regression and correlative analysis etc.