Valuation of Goodwill and Non-goodwill Intangibles─Evidences from pre- and post- IFRSs Periods in Taiwan

• Main Authors: CHEN, YI-WEN, 陳怡文
• Other Authors: LEE, SHU-HUA
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/dm78th

碩士 === 國立臺北大學 === 會計學系 === 105 === This study examines the valuation difference of intangible assets’ information for the pre- and the post- adoption IFRS periods in Taiwan, for Taiwan listed companies during the period from 2007 to 2015. This study focuses on：(1) To examine whether the intangible assets’ information after adoption of IFRSs is useful to investors in valuing the firm; further, separating the components of intangible assets as the goodwill and the non-goodwill intangibles, this study also respectively examine the valuation difference of the two components for pre- and post- adoption IFRSs. (2) To examine whether the intangible assets’ information （the information of the goodwill and the non-goodwill intangibles） after adoption of IFRSs is useful to investors in valuing the firm for higher intangible assets intensity companies. (3) To examine whether the intangible assets’ information （the information of the goodwill and the non-goodwill intangibles） after adoption of IFRSs is useful to investors in valuing the firm for higher institutional investors holding companies. The empirical results show that：(1) Comparing with the pre IFRSs period, there is more value relevance to the investors within the post-IFRSs period, meanwhile two components (the goodwill and the non-goodwill intangibles) of intangible assets both have more value relevance to the investors. (2) In higher intangible assets intensity companies, comparing with the pre IFRSs period, there is more value relevance to the investors within the post-IFRSs period, meanwhile two components of intangible assets both have more value relevance to the investors. (3) In higher institutional investor holding companies, comparing with the pre IFRSs period, there is more value relevance to the investors within the post-IFRSs period, meanwhile two components of intangible assets both are more value relevance to the investors. The empirical results fit in the expectation of this study and support that IFRSs can provide higher quality and more relevant intangible assets information of financial statement to the investors. Furthermore, in higher intangible assets intensity and higher institutional investor holding companies, the information of intangible assets and those components have more value relevance to the investors.