Study On China’s High-technique Enterprise R&D Information Disclosure On The Impact Of Enterprise Value

As China’s economy continues to develop, the gradual improvement of capitalmarkets, technological progress and innovation in economic growth in the increasinglyimportant position and role. Research and development (R&D) activities have becomeespecially high-tech enterprise survival and development of the power source. R&Drelated to the disclosure of information as businesses and investors, issues of commonconcern. In order to regulate the disclosure of R&D information, ministry of Finance inFebruary2006issued a new "Enterprise Accounting Standards", specifically requirelisted companies to R&D Information Disclosure, and on January1,2007took the leadin listed companies. Financial reporting of R&D disclosure of information can helpfinancial statement users to understand the company’s future profitability and growthpotential, and help investors to determine the value of the company.Therefore, R&D information disclosure and corporate value relationship is boundto be valued by the people, information Disclosure in R&D associated with the valueof the company research of great practical significance.This article is based on the small board high-tech companies in China, usevoluntary disclosure of information theory, theory of decision-useful accountingobjectives and signal transmission theory, To regulate the combination of research andempirical research methods, research and development to build their own index ofinformation disclosure, small plates listed on China’s329high-tech research anddevelopment information disclosure of listed companies are described the generalcharacteristics of Statistical Research, and the cause of the problems in analysis. Theuse of the data analysis of listed companies, disclosure of R&D impact on enterprisevalue, the study found: high-tech enterprises in China the usefulness of accountinginformation is disclosed by the impact of research and development information,research and development enterprise market value of the information disclosure and apositive correlation exists between the relationship and the more R&D disclosurenorms influence the market value of the enterprise more large. Finally, research anddevelopment for our enterprise value of information disclosure and empirical researchdata analysis, put forward relevant measures and suggestions.