Intangible Asset Value Of The Correlation Study

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.