Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1865829
The effect of the revision of intangible assets accounting standards on enterprise technology innovation
Jinyong Chen
Hua Lei
Jie Luo
Xiangxi Tang
Muhammad Safdar Sial
Sarminah Samad
Sažetak
Against the institutional background of building an innovative
country, this article constructs the influence mechanism of the
accounting standards for intangible assets for enterprise technology innovation. We select panel data from the Shanghai Stock
Exchange and Shenzhen Stock Exchange from 2002 to 2015. We
focus on the two dimensions of innovation input and innovation
output and use Poisson regression, negative binomial regression,
zero expansion regression, and other methods to examine the
effects of the revision of the intangible assets accounting standards on enterprise technology innovation. Our research reveals
the following: (1) In general, the revision of the intangible assets
accounting standards can promote enterprises’ technological
innovation activities; (2) This effect is heterogeneous by ownership: before the revision of accounting standards for intangible
assets, state-owned enterprises had more innovation input than
non-state-owned enterprises, but the innovation output of nonstate-owned enterprises has become greater than that of stateowned enterprises even though the policy only significantly
improved the innovation output of the latter; and (3) The system
lacks a continuous effect. The revision of the intangible assets
accounting standards has only a one-year lag effect on the incentive effect of enterprise innovation input activities, mainly because
enterprise innovation input has only a one- to two-year lag effect
on output. The implementation of this system has not changed
the status quo that Chinese patent rights are based on applied
short-term technology research and development. Based on the
findings, this article proposes some pertinent policy suggestions.
Ključne riječi
intangible assets; accounting standards; technological innovation; innovation efficiency
Hrčak ID:
301471
URI
Datum izdavanja:
31.12.2021.
Posjeta: 255 *