China's Listed Companies The Value Of Intangible Assets,

With the development of science and technology, the intangible assets' attribution to economic development becomes more and more great. Considering the importance of intangible assets in economy, the research about intangible assets emerged in thel990's in China. But the early studies generally applied the normative research methodology, and the prevailing topics were things such as the nature of intangible asset, the function of intangible assets, and so on.From 2001, Xu yunkui and Wang zhitai used the positive research methodology to explore the value relevance of intangiblie assets in listed companies in China. And now much studies based on empirical research methodology emerged. But there are many deficiencies in existing researches such as model design, sample selection and so on. Especially, they haven't involved the usefulness of accounting standard of intangible assets, and it is the focus of dispute. So this paper would make contribution to the field by selecting more samples, collecting classified intangible assets data and more systemic research design.What's more, we applied the survey research design to study this topic.1.Innovations and contributionsThis dissersation applied the positive research methodology and survey research methodology to the value relevance of intangible assets in China's listed companies, and the conclusions and findings are much strong.We not only test the usefulness of total intangible assets to the companies ,bu also check the value relevance of all kinds of intangible assets. And this is the direction of future study in the field. According to this research design, we obtained many instereting findings.This paper differeiate the high techonogy industries and non-high techonogy industries, and studied the influence of intangible assets to companies' earnigs quality and value revelance of accounting data in different industries respectively. And the results are amazing.2. FrameworkChaper 1, illuminated the importance and signicance of value relevance of intangible assets from the perspective of intangible assests effect of modern economy, and descripted the research methodology system applied by the dissersation.Chaper 2, reviewed the relevant literature about intangible assets, and pointed out the deficiency in existing research.Chaper 3-4, studied the influence of total intangible asset to companies earning quality and accounting data usefulness.Chapter 5, investigated the value relevance of the classified intangible assets to companies earning quality and accounting earning usefulness by random selecting 152 listed companies.Chapter 6, tested the effectiveness of accouting standard of intangible assets through differentiating the high techonogy industries and non-high techonogy industries and observing the respective value relevanc of intangible assets.Chaper 7, investigated the attitudes and opinion of financial analystes to value relevance of intangible assets and the usefulness of accounting standard.Chapter 8, summarized the primary findings and conclusions, and pointed out the deficiencies and the directions for future study.