The Research Of Intangible Assets And Corporate Business Performance

With the development of science and technology, Intangible assets have been a very important part of the factors,which are greatly benefit for companies and our country’s development in the future. They all have an important impact on companies’financial performance and core competence, and management and sustainable development of enterprises. However, from the domestic scholar’s research, the research about intangible assets in china has still been in the exploration stage of development, scholars’results about the relationships between intangible assets and performance of enterprises are not fully in consistence. Based on other people’s research, this paper examined the contribution of the stock of intangible assets and the increment of intangible assets to the performance of companies.This paper firstly study the domestic and foreign scholars’s research about the relationship between intangible assets and performance, and then puts forward the aim, significance and main contents through evaluation and analysis.Then, this paper displays the basic theory of intangible assets and enterprise performance evaluation, and analyzes the value of intangible assets and the relationship between intangible assets and performance of enterprises. On the basis, the paper describes the selection of sample and the data source, and designs the overall performance evaluation index through the application of factor analysis method.At last, this paper analyzes the effect of the stock of intangible assets and the increment of intangible assets to current and post performance of enterprises using the index above.The main conclusions of this paper includes:Firstly, through theoretical analysis, the intangible assets is helpful to improve the production efficiency, save social resources, or through technology innovation to create value for enterprises, so it has a significant impact on enterprises’performance; Secondly, from the empirical analysis results, intangible assets in different enterprise are very different, and scattered. But the improvement of intangible assets basically kept with the growth of total assets, and the rate of the growth of intangible assets is higher than total assets; At third, had controlled the effects of other variables, the intangible assets of sample enterprises from2008to2010and the current performance showed a significant positive correlation, which is remarkable, and increasing; At fourth, intangible assets investment in sample enterprises are different badly, but the overall level of investment is relatively stable, the ratio of increment of intangible assets and increment of total assets is relatively stable, the enterprise kept intangible assets investment and total assets growth coordinate and consistent, the rate of intangible assets keeps increasing, which means the investment of intangible assets in enterprise becomes greater and greater;At fifth, from the research about the increment of intangible asset, enterprises’ investment of intangible assets has an important effect on performance, but there is a time lag, and the lag is gradually shortening, and almostly disappeared in2010. Finally, according to the problems found in my study,this paper gives some suggestions, and explain the research limitations.