我国上市公司无形资产、固定资产投资与经营绩效关系的实证研究

发布时间：2018-10-11 08:09

【摘要】：工业经济时代需要企业投入大量的固定资产，并为企业经营管理起着重要作用，而知识经济是以智力成果为特征的，无形资产在经济增长中做出重要贡献。我国对于无形资产、固定资产的投资结构尚不合理，无形资产的投资虽然在增加，但是比例仍然很低；固定资产的比重较高，但是利用效率低。本文研究依据无形资产、固定资产价值创造原理，在研究无形资产、固定资产与经营绩效关系的基础上，采用描述性统计、主成分分析法及回归分析法。首先，对2006-2010年无形资产、固定资产的现状进行描述性统计，描述目前我国上市公司无形资产、固定资产的投资现状；其次，，对上市公司经营绩效评价的问题进行了主成分分析，综合评价上市公司的经营绩效；最后运用回归分析，得出无形资产增量、固定资产增量与公司的经营绩效具有正相关关系，无形资产率、固定资产率与企业经营绩效呈负相关关系；比较高新技术行业和非高新技术行业企业无形资产、固定资产的贡献大小。对于进一步阐明无形资产、固定资产的机理、改进经营绩效评价方法、拓展对无形资产投资、固定资产投资与经营绩效问题的研究领域，具有积极的学术意义。同时，本文研究结论也为我国上市公司无形资产、固定资产投资管理实际问题的解决提供了新的方法和思路。
[Abstract]:In the age of industrial economy, enterprises need to invest a large amount of fixed assets and play an important role in the management of enterprises. Knowledge economy is characterized by intellectual achievements, and intangible assets make important contributions to economic growth. The investment structure of fixed assets in China is not reasonable. Although the investment of intangible assets is increasing, the proportion of intangible assets is still very low, the proportion of fixed assets is high, but the utilization efficiency is low. Based on the principle of value creation of intangible assets, fixed assets and the relationship between intangible assets, fixed assets and operating performance, this paper adopts descriptive statistics, principal component analysis and regression analysis. First of all, to describe the current situation of intangible assets and fixed assets in 2006-2010, describe the current situation of intangible assets and fixed assets investment of listed companies in China. Secondly, the performance evaluation of listed companies is analyzed by principal component analysis. Finally, by using regression analysis, it is concluded that there is a positive correlation between the increment of intangible assets, the increment of fixed assets and the operating performance of the company, and the rate of intangible assets. The ratio of fixed assets is negatively related to the performance of enterprises, and the contribution of fixed assets to the intangible assets of enterprises in high-tech and non-high-tech industries is compared. It is of positive academic significance to further clarify the mechanism of intangible assets and fixed assets, to improve the evaluation methods of business performance, and to expand the research fields of intangible assets investment, fixed assets investment and management performance. At the same time, the conclusion of this paper also provides a new method and train of thought for solving the practical problems of intangible assets and fixed assets investment management of listed companies in China.
【学位授予单位】：新疆财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224

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