An Effect Research On The Revision Of Accounting Standards Of Intangible Assets On The Technological Innovation Of Enterprises

The economic development of China enters the stage of new normal,innovation-driven development has become the new theme of this Time.The 19th NCCP explicitly put forward the strategy of accelerating the construction of innovative national and encouraging the community to devote to innovation and entrepreneurship.In the process of advancing the strategy of innovative country,we must strengthen the construction of national innovation system and deepen the reform of science and technology,and construct macro-effective economic system and micro-dynamic subject.As the main body of innovation,the level of enterprises determines the national innovation ability,so how to motivate enterprises to carry out technological innovation and drive the development of the economic quality and quantity has become one of the core issues in the current academia and practice.In terms of system level,the state has deepened the supply side structural reform and promulgated relevant policies to promote the innovation and development of enterprises,especially the implementation of Accounting Standards of Intangible Assets since 2006.The innovation achievement mainly manifests in intangible assets,therefore,the accounting policy which guides the technology innovation activity mainly is the Accounting Standard of Intangible Assets.Then,whether this policy has correctly guided the technological innovation activity,whether the standards revision has stimulated the technical innovation,and whether the change of accounting system achieves the expected effect,this series of problems need to be analyzed theoretically and empirically tested from the data.As far as the research on motivation of technological innovation,it is more embodied in micro-enterprises and meso-industrial level,which makes it necessary to strengthen the research on the effect of technology innovation from the state system,especially the accounting policy.Firstly,this paper reviews the research literatures on the revision of Accounting Standards,the influencing factors of technological innovation and the influence of policy on technological innovation.Secondly,it defines the related concepts of the new and old Accounting Standards and technology innovation.Then,on this basis,it constructs the mechanism of Accounting Standards affecting technological innovation and deduces corresponding hypotheses.Finally,this paper selects the data of the listed companies from 2002 to 2015 in Shenzhen and Shanghai stock market of China as a sample to analyze the changes of technological innovation caused by the revision of Accounting Standards.In the empirical research,this article embarks from the innovation input and output,it uses the POISSON regression,NBREG regression as well as ZIP regression and so on to check the implementation effect of 2006 edition Accounting Standards.The results show that,firstly,the revision of the Standards has a significant positive effect on technological innovation input and output.Secondly,before its revision,the technological innovation input of state-owned enterprises are better than those of Non-state-owned enterprises,but the technological innovation output is the opposite,however,after its revision,the revised guideline has stimulated the technological innovation output of state-owned enterprises,but it has no effects on the differences of innovation input.Thirdly,in the continuity test of the incentive effect,the positive effect of Standards has no continuity,there is only one year lag period,and innovation input has a 1-2 years lag period of positive impact on innovation output,the standards have not changed the status quo of the application-oriented technology activities in China.On the basis of the above research conclusion,in order to improve the innovation input and efficiency of output,this paper puts forward the following suggestions,the government should improve the way of intangible assets measurement and respect the intellectual property rights,stimulate the initiative of enterprises and improve the efficiency of state-owned enterprises,change the direction of R&D and improve the core patent output.