Study on the Value Management of Forestry Intangible Assets in the Era of Knowledge Economy

Abstract:

In the era ofthe knowledge economy, the accounting priority has shifted from tangible assets to intangible assets. The knowledge economy-based intangible assets is gradually emerging as the main impetus for determining the forthcoming cash flow and market value. This paper takes the stocks listed in Shenzhen Securities Exchange as the study object, conducts empiricalstudy and analysis based on the sampling data, including 2008-2010 pershare intangible assets,per share returns, per share net assets after deducting intangible assets and share price,describes the disclosure of intangible assets of such listed companies as Jilin Forest Industry,Zhongfu Industrial, Yihua Timber Industry, Fenglin Group and Palm Landscape and inspects the value relevance of intangible assets. Accordingly, this paper proposes to consolidate the value management of intangible assets of the forestry enterprises and improve their core competítíveness.

• Periodical: Applied Mechanics and Materials (Volume 618)
• Pages: 583-587
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.618.583
• Online since: August 2014
• Authors: Zhao Zhou*, Jun Mei Zhang, Shu Hui Wang, Rui Chen, Wen Wen Zhong
• Keywords: Forestry Enterprise, Intangible Assets, Share Price of Listed Companies, Value Management, Value Relevance

References

[1] Wang Huacheng, Lu Chuang, Li Chunling. The intangible assets of enterprises and the future relationship between the performance of [J]. Chinese soft science, 2005, 10: 120-124.

[2] Sun Shuchang, the new accounting standards under the listing Corporation value relevance of intangible assets in [J]. of Heilongjiang foreign trade and economy, 2009, 2: 99-101.

[3] Jia Zhibang, adhere to the concept of work with scientific development, and strive to our country forestry to the rapid and good development of the national forestry new phase of [c] conference, Beijing (2006).

[4] Aian G, Ben SM IIloA model of policy changes to Secure sustainable forest management and control of deforestation in the Philippines [J] 0 Forest Policy and Econmics, 2006, 8 (1): P67-80.

DOI: 10.1016/j.forpol.2004.05.005

[5] Sen Wang, G Cornelis van Kooten, Bill wlson Mosaic of reform: forest policy in Post-1978China, Forest Policy and Economics, 2004, 6: P71-83.

DOI: 10.1016/s1389-9341(02)00078-3

[6] Chinese forestry sustainable development strategy research group, research on strategic Chinese sustainable forestry, strategic volume [M], Beijing, Chinese Forestry Press, 2003, 6.

[7] party Feng LAN, Ke Shuifa, problems and Countermeasures of China's forest industry group of [J], Journal of Beijing Forestry University, 2002, (6).

[8] China forestry statistical yearbook (2000-2005): China forestry opening.

[9] Li Yucai, the twenty-first Century [M] development strategy of forestry in Beijing, China Forestry Press, 1999: 1750.

[10] international accounting standards, IA5 38.

[5] 426-451.