Related Research on Intangible Assets and Operating Performance in Listed Companies of China's Textile Industry

摘要

Recently, listed companies of Chinese textile industry have increased investment in intangible assets, but the impact of intangible assets on operating performance is yet in-depth study. In this paper, firstly, we analyze the change condition of net worth of intangible assets by statistical methods. Secondly, we lay great stress on adopting the gray correlation analytic method in order to make some test on the connection degree between intangible assets and business performance through the samples of annual financial report of listed companies in the textile industry from 2000 to 2007. The result shows that: the correlation degree of intangible assets towards operating performance of listed companies in the textile industry shows neutral correlation;intangible assets associated with the company's level of performance is less than fixed, total and current assets;the correlation degree of fixed, total and current assets towards business performance shows strong correlation. On this basis, we make corresponding suggestions according to the characteristics of intangible assets in our textile listed companies.