Abstract
This research starts with a comprehensive review of previous studies of intangible assets and their value relevance. 30 listed construction enterprises in China were then chosen and their statistical data between 2010–2015 were used to set up panel data regression models. The empirical analysis of the correlation between intangible assets and enterprise business performance were carried out in the end. It is concluded that the overall intangible assets have a significant positive effect on enterprise business performance. Every 1% increase in the number of intangible assets will increase the enterprise’s basic earnings per share by 0.05 yuan when the other conditions remain unchanged. Intangible assets of rights have the least influence coefficient while the technical intangible assets possess the greatest one. The contribution of technical intangible assets on enterprise business performance occupy the top of the list, although it only accounts for 0.74% of the total intangible assets. By taking into account of the status quo of intangible assets of the listed construction enterprises in China, this paper also provides some suggestions for strengthening the cultivation and management of intangible assets for enterprises.
Published Version
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