用企业理论研究市账差的含义  

Exploring Market-book Value and Intellectual Capital from a Theory-of-Firm Perspective

作　　者：曾洁琼[1] 张婷[1] 

机构地区：[1]武汉纺织大学会计学院,湖北武汉430073

出　　处：《技术经济与管理研究》2014年第5期48-52,共5页Journal of Technical Economics & Management

基　　金：国家教育部人文社科研究项目(10YJA630007)

摘　　要：使用三个较综合的企业理论:代理成本理论、战略因素市场模型和动态能力观分析了市账差的含义和在智力资本实证研究中使用的影响。不同的理论对智力资本和市账差之间的关系有着不同的看法。代理成本理论认为市账差代表了智力资本价值,差距的存在是偏差会计准则造成的,故要修改会计准则;而其他两个理论并不把差距看做问题,认为市账差并不全是智力资本,但具体分析时两个理论又各有看法。因此在进行实证研究时智力资本和市账差的含义一定要与具体企业理论相对应,企业理论能有助于更好的理解智力资本相关的问题。This paper uses three more integrated theory of the firm： agency cost theory, strategic factor market model and dynamic-capabilities view of the firm to analyze the meaning of market-book value gap and impact of empirical research in intellectual capital. There is a different view on the relationship between intellectual capital and market-book value gap from different theory. According to agency cost theory, market-book value gap represents intellectual capital value and the gap is caused by deviation of accounting standards, so it is necessary to modify accounting standards. While according to the other two theories, market-book value gap is not seen as a problem, but the gap is not all accounted for intellectual capital value. But in specific analysis, there is their own views. Conducting empirical research, intellectual capital and meaning of market-book value gap must correspond to specific firm theory, so firm theory can contribute to a better understanding of the issues related to intellectual capital.

关 键 词：市账差 智力资本 代理成本 动态能力观 

分 类 号：F270[经济管理—企业管理]