A Study On The Correlation Between Intangible Assets And Performance Of Listed Pharmaceutical And Healthcare Companies In China

Under the traditional economic conditions,China's enterprises pay more attention to tangible assets investment,and think that tangible assets can bring greater economic profits to enterprises,and they are in the core position of enterprises.However,with the continuous growth of China's economy,China has gradually become a country with high scientific and technological content,fast economic growth and knowledge intensive.The value of intangible assets began to show up,and enterprises began to pay attention to the investment of intangible assets.The role of intangible assets in various industries and enterprises has been paid attention to,and competition among enterprises has turned into competition of technology,knowledge and innovation ability.High tech enterprise by science and technology innovation as the core is different from the traditional enterprise,it pays more attention to the input of intangible assets,and the medical and health company as a high-tech industry should have its industry characteristics,namely the technology content we said,pay attention to intangible assets investment.Therefore,this paper selects the listed companies of medicine and health to study the correlation between intangible assets and business performance,which is of practical significance.This article through literature review found that in recent years there have been research on intangible assets investment many scholars,but the main is the confirmation,the measurement of intangible assets,and the value relevance of information disclosure,there are few scholars to study their contribution degree,general industry,data for a short period of time,the old accounting standards.Based on this,this study.This paper selects 175 companies in the medical and health industry for 2011-2015 years,and uses Excel2003 software and Eviews8.0 software to do statistical analysis and multiple regression analysis on relevant data.Through the analysis,we can draw a conclusion that the intangible assets have positive correlation with the business performance of enterprises.Compared with tangible assets,intangible assets and business performance related,but the contribution of intangible assets in enterprises is not large,did not show as containing high-tech medical technology enterprises with high technology content advantage.In view of this,this thesis detailed classification of intangible assets,it will be divided into patent rights,trademark rights,proprietary technology,land use rights and other categories,respectively by regression analysis and business performance,we find a positive correlation of patent rights and trademark rights and business performance,and land use rights and other intangible assets and operating performance is not.Finally,the regression results are analyzed and conclusions are drawn and some suggestions are put forward.