Research On The Intangible Assets Correlation With Business Performance Based On GEM Listed IT Companies

With the rapid development of China’s economy and information technology,intangible assets replaced tangible assets to be the basis for determining the existenceof the company, which means intangible assets become the company’s value drivers.GEM companies mostly are an innovative, high-growth potential, high risk and in thegrowing technology SMEs, whose core assets are often intangible, plays an importantrole in the structure of the assets. In order to support SMEs and promote their furtherdevelopment, China has established a GEM. Therefore, intangible asset of GEM hasbeen selected for the study.On the basis of summary domestic and foreign scholars, the relationship betweenintangible assets of the GEM and business performance is determined to be studied.Based on the theory of business performance and the intangible assets value creationtheory, samples selected from the2009-2013years of listed companies in theinformation technology industry of the GEM. There are a total of176valid samples.Both of description of the analytical method and linear regression analysis were usedto explain the whole situation intangible assets, intangible assets owned by theabsolute and relative amounts, intangible assets structure,l. Finally, the samplecompanies net intangible assets and technology classes, non-technical class intangibleassets, made the empirical analysis and operating performance of the correlation.The results showed that the amount intangible assets held by the samplecompanies is growing, and the proportion intangible assets to total assets is rising;Technical intangible asset has taken a higher ratio than non-technical intangible assets,but not as good as non-technical intangible assets in the value. There is no significantcorrelation between intangible assets and performance of the company. There arecontribution differences between technical and non-technical intangibles assets tobusiness performance.In response to these findings, we believe that the government should increaseguidance, and establish long-term development of consciousness; to optimize the intangible assets structure; to improve the quality of technology intangible assets; toexcavation the value of intangible assets; and strengthen protection intangible assets.The innovation of this paper is to study the object in the information technologyindustry the GEM listed companies. Intangible assets divided into technical andnon-technical assets to do empirical research, and the data selected from2009to2013in order to get a convincing result.