Impact Of Intangible Assets Quality On The Growth Ability Of The New And High Technology Enterprises

The rising of the new and high technology enterprises can be traced back to 1950. In recent years, the new and high technology enterprises have maintained a good developing tendency and made great contributions for China’s GDP growth. Intangible assets are an important asset which reflects the core competence in the new and high technology enterprises, and its quality is the important factor to affect the growth ability of enterprises. At present, the studies related to the quality of intangible assets stayed on the qualitative research stage, there was less research especially for the empirical study of the intangible asset quality.The research object is defined as the new and high technology enterprises which were A-share listed in Shenzhen Stock Exchange and obtained the new and high technology differentiates from 2012 to 2014. First of all, on basis of the related theoretical foundation such as beingness, profitability and risk of the intangible asset quality, we choose some suitable indexes to evaluate the intangible asset quality in the new and high technology enterprises. The indexes are gotten from four aspects: a) the beingness feature of the intangible asset quality; b) the profitability feature of the overall quality of intangible assets; c) the profitability feature of asset groups’ quality combining intangible asset with tangible asset; d) the risk feature of the intangible asset quality. Then, variables are chosen to evaluate the growth ability of enterprises from development ability, profit ability, debt ability and operation ability. Simultaneously, the comprehensive factor score is obtained though the analysis of factor. Finally, using comprehensive factor score as the dependent variable and related evaluation index of the intangible asset quality as independent variable, we get the conclusion from our research by adopting the regression analysis method: the beingness of the intangible asset quality, the profitability of the overall intangible asset quality and the profitability of asset groups’ quality combining intangible asset with tangible asset, shows a significant linear relationship with the growth ability of enterprises. Moreover, we put forward some suggestions to the new and high technology enterprises according to our research.