我国生物医药公司的无形资产对营业利润的影响研究

发布时间：2018-03-28 13:09

本文选题：无形资产　切入点：营业利润　出处：《哈尔滨工业大学》2013年硕士论文

【摘要】：随着知识经济时代的来临，企业为获取竞争优势和提升盈利能力，大幅增加对人力资源、关系资本、信息技术、研发和广告等方面的投资。企业拥有的无形资产数量的多寡和质量的高低是其技术实力和竞争能力的重要标志，也是维持企业生存和长远发展的重要支柱。Goldfinger(1997)指出：经济价值和财富的源泉不再是物质资源的生产，更是无形资产的创造和掌握，其重要性甚至远超过货币资本和实物资本。本文依据无形资产相关理论和资源基础观，基于多元统计回归分析方法，，以2007至2011年间在沪深股市中上市的生物医药制品公司为样本，研究该行业的无形资产对营业利润的影响。为了探讨不同要素的无形资产对业绩的影响权重，将无形资产分为：技术类、使用类和其他类。文章分别研究了这三类无形资产对营业利润的贡献程度。实证结果发现无形资产对短期营业利润产生显著的正向影响，然而对长期营业利润的影响并不显著。其长期影响表现出随着时间的推移，先是产生正向的影响，然后会转化为负向的影响，而且正向作用不断减弱，负向作用不断增强。在无形资产结构研究方面，技术类无形资产对营业利润产生重要作用，而使用类无形资产更多表现为负向的作用，其他类无形资产的正向作用不显著。本论文丰富了无形资产价值相关性研究，补充了无形资产对营业利润的影响研究，具有重要的理论意义。在实践方面，研究成果有利于发现对绩效贡献最为显著的无形资产要素，以做到投资的针对性和管理的主次性。
[Abstract]:With the advent of knowledge economy, the enterprise to obtain competitive advantage and enhance profitability, a substantial increase in human resources, capital, information technology, R & D and advertising and other aspects of the investment. The number of intangible assets owned by the enterprise's quantity and quality is an important indicator of the technical strength and competitive ability, is an important pillar of maintaining.Goldfinger enterprise survival and development (1997) pointed out that the source of economic value and wealth is no longer the production of material resources, is to create and grasp the importance of intangible assets, even more than money and physical capital.
On the basis of intangible assets related theory and resource based view, multiple regression analysis method based on statistics, bio pharmaceutical products company in 2007 to 2011 years listed in Shanghai and Shenzhen stock market as samples, the influence of industry of intangible assets on business profits. In order to explore the different elements of the influence of intangible assets on the performance of the weight will be invisible assets: technology, use class and other classes. This paper studies the relative contribution of the three kinds of intangible assets on business profits. The empirical results show that intangible assets have a significant positive impact on short-term profits, but the effect on long term operating profit is not significant. The long-term effects showed with the passage of time, the first is to generate a positive impact, then transformed into negative influence and positive effect has weakened the negative effect of increasing. In the research aspect of intangible assets structure, Technology intangible assets play an important role in business profits, while the use of intangible assets is more negative. The positive effects of other intangible assets are not significant.
This thesis enriches the research of intangible assets value relevance, supplement the research influence of intangible assets on operating profit, which has important theoretical significance. In practice, the research results help to find the most significant factors of intangible assets for performance contribution, to do investment and management of primary and secondary needle.

【学位授予单位】：哈尔滨工业大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275.4;F273.4;F426.72

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