公司特征对我国创业板企业智力资本信息披露的影响研究

发布时间：2018-04-25 12:00

本文选题：公司特征 + 智力资本　；参考：《兰州理工大学》2013年硕士论文

【摘要】：在知识经济背景下,企业核心竞争力的主要源泉是企业所拥有的智力资本。如果企业忽略智力资本的价值,在企业报表中只披露有形资产,则企业真实的价值和发展潜力就不能被准确的反映出来。更全面、多层次、多方位是现代会计信息披露体系的发展方向。 21世纪以来,以民营企业为主体的创业板企业逐渐成为我国国民经济中-支庞大的力量,与主板市场相比,创业板市场的服务对象主要是具有高成长、高风险和中小规模的高新技术企业,公司本身发展历史较短,创业板对公司上市的经营业绩要求不高,更注重发行人的先进技术和核心竞争力。从某种程度上说,公司的智力资本才是创业板企业持续竞争优势的关键所在和未来创新与价值增长的主要动力。因此,当投资者作投资决策时,关于企业成长性的智力资本信息比企业财务信息更重要,更能为投资者提供投资依据。但是,目前我国智力资本在信息披露方面也存在问题,如：企业不重视智力资本信息披露,披露缺乏全面性和系统性；披露方式不统一；披露的模式和依据也不同,缺乏可比性。本文在自愿性信息披露的研究框架下,结合智力资本理论,对公司特征与我国创业板企业智力资本信息披露间的相关关系进行实证检验,为认识决定我国创业板企业智力资本信息披露的因素提供一些经验证据,也为创业板企业智力资本信息的提供者、使用者以及监管者提供理论参考。本文共分为四个部分。第一部分,主要介绍了本论文的研究背景和意义、文献综述、写作思路和研究方法、基本框架。第二部分,介绍相关的理论基础以及相关概念。第三部分,从公司特征角度研究影响我国创业板企业智力资本自愿性信息披露的因素,包括公司结构特征、公司业绩特征和公司市场特征。第四部分,结论与展望。研究表明,成长性、营运能力、行业特征和公司上市年数存在显著正相关关系,而公司规模、获利能力和资本结构与智力资本信息披露的相关性不显著。因此,创业板企业的智力资本信息披露应引起企业、投资者和监管部门的重视。要全面加强我国创业板企业对智力资本的重视程度；我国证监会应鼓励创业板企业自愿披露公司智力资本信息,为创业板企业建立完善的智力资本信息披露制度,尽快提供创业板企业智力资本自愿性信息披露的指引,还要尽快制定具有可操作性的智力资本信息审计准则。
[Abstract]:Under the background of knowledge economy, the main source of enterprise's core competence is the intellectual capital owned by the enterprise. If enterprises ignore the value of intellectual capital and disclose only tangible assets in their statements, then the true value and development potential of enterprises cannot be accurately reflected. More comprehensive, multi-level, multi-directional is the development direction of modern accounting information disclosure system. Since the 21st century, the gem enterprises with private enterprises as the main body have gradually become a huge force in the national economy of our country. Compared with the main board market, the service objects of the gem market are mainly of high growth. High risk and medium and small scale high and new technology enterprises have a short history of development. The gem does not require high performance of listed companies, and pays more attention to the issuer's advanced technology and core competitiveness. To some extent, the intellectual capital of the company is the key to the sustainable competitive advantage of gem and the main motive force of innovation and value growth in the future. Therefore, when investors make investment decisions, the intellectual capital information about the growth of enterprises is more important than the financial information of enterprises, and it can provide investors with more investment basis. However, at present, there are some problems in the information disclosure of intellectual capital in our country, such as: enterprises do not attach importance to the disclosure of intellectual capital information, the disclosure lacks comprehensiveness and systematicness; the way of disclosure is not uniform; the mode and basis of disclosure are different, too. Lack of comparability. Under the framework of voluntary information disclosure, this paper empirically tests the correlation between corporate characteristics and intellectual capital disclosure in China's growth Enterprise Market (gem), combining with the theory of intellectual capital. In order to understand the factors that determine the disclosure of intellectual capital information of gem enterprises in China, it provides some empirical evidence, and also provides theoretical reference for the providers, users and regulators of intellectual capital information of gem enterprises. This paper is divided into four parts. The first part mainly introduces the research background and significance of this paper, literature review, writing ideas and research methods, basic framework. The second part introduces the relevant theoretical basis and related concepts. The third part studies the factors that affect the voluntary disclosure of intellectual capital in gem enterprises from the perspective of corporate characteristics, including corporate structure, corporate performance and corporate market characteristics. The fourth part, conclusion and prospect. The research shows that there is a significant positive correlation between growth, operation ability, industry characteristics and the number of years listed, but the correlation between the size, profitability and capital structure of the company and the information disclosure of intellectual capital is not significant. Therefore, the intellectual capital information disclosure of gem enterprises should attract the attention of enterprises, investors and regulators. The CSRC should encourage the gem enterprises to voluntarily disclose the company's intellectual capital information, and establish a perfect system of intellectual capital information disclosure for the gem enterprises. As soon as possible to provide the gem enterprise intellectual capital voluntary information disclosure guidance, but also as soon as possible to formulate an operational intellectual capital information audit standards.
【学位授予单位】：兰州理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F832.51

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