Correlation Analysis Between Intangible Assets And Company’s Performance Of Companies Listed On GEM

In this paper,we analyse the relationship between intangible assets and corporate performance from the company’s profitability and growth capabilities,using the states of companies listed on GEM from2009to2012. First, we find that investment in intangible assets is much less than that of currency and fixed assets.Besides, the GEM companies’ investment for intangible assets is less than that of small and medium enterprise board company. Secondly, through the multivariate regression models, we examine the correlation between intangible assets and corporate performance of companies listed on GEM. The results are:(1) in GEM listed companies, intangible assets and corporate profitability is significantly correlated, and this correlation is positive.But there is no significant relationgship between intangible assets and growth capabilities of company;(2) in GEM listed companies, different kind of intangible assets have different effect to company’s performance;(3) in GEM listed companies, different industry have different results.