无形资产的市场定价——来自中国股市的经验证据  

Market Valuation of Intangible Assets: Empirical Evidence from Chinese Stock Markets

作　　者：邓小洋[1] 周南玉[1] 

机构地区：[1]湖南大学会计学院,湖南长沙410079

出　　处：《财经理论与实践》2006年第4期64-67,共4页The Theory and Practice of Finance and Economics

基　　金：教育部人文社科"十五"规划基金(01JA790087)

摘　　要：采用配对分析法,考察了无形资产及无形资产摊销会计信息与企业市场价值之间的关系,结果表明,无形资产会计信息具有价值相关性;无形资产的系统摊销没有反映其价值消耗形式。This study uses matched portfolio approach, and provides empirical evidence on the relationship between the reported value of intangible assets, the associated amortization expense, and firms＇ equity market value. We find that the information of intangible assets is value - relevance to investors; and amortization measures do not reflect the decline in the economic value of intangible assets during the period.

关 键 词：无形资产 摊销 市场定价 配对分析法 

分 类 号：F230[经济管理—会计学]