An Empirical Test of the Impact of Intangible Assets on Enterprise Performance of Chinese Social Services Listed Companies

摘要

The data of Shanghai and Shenzhen stock market listed companies in various industries in China during 2003-2008 are selected in this paper. The authors compare the situation of intangible assets in different industries, and find that companies in different sectors of the amount of intangible assets are significantly different. Excluding the impact of scale of the company, we use intangible assets to total assets ratio of the relative amount of target. On the whole, the indicator of social services is higher than other companies. And then, selected 34 social service listed firms between 2003-2008 tests of intangible assets of the business performance. The results show that, the intangible assets of current social services listed company's impact on the business performance insignificantly.