無形資產減損與資源集中策略

Intangible Assets Impairment and Resource Concentration Strategies

陳美姍(MEI-SHAN CHEN)

指導教授 ： 呂明哲

朝陽科技大學/管理學院/會計系/碩士(2019年)

摘要

外在環境的快速變遷導致無形資產的減損，通常來得突然且巨大。尤其有些無形資產承擔較大的減損可能性，發展這類無形資產的公司將被評估為具有較高的營運風險。本研究旨在檢驗何種無形資產處於較高的減損風險。企業通常集中資源以發展特定無形資產，不同的資源集中策略發展出不同類型的無形資產。因此，本研究觀察無形資產的減損來檢驗採用資源集中策略的公司是否比採用分散資源配置策略的公司承擔較大的減損可能性。
本研究首先從2008年至2017年期間台灣上市(櫃)公司的支出角度探討了公司資源配置的模式。集群分析將用來區辨不同的資源集中策略。羅吉斯迴歸模型將被執行以測試相較於分散資源配置策略，資源集中策略對無形資產減損可能性的增額效果。
探索性結果區辨出三種資源集中策略及一種資源分散策略。集中策略包括聚焦研發與人力資源、聚焦人力資源及聚焦資本優勢。實證結果顯示，聚焦研發與人力資源策略有顯著較高的減損可能性，而聚焦資本密集策略則有顯著較低的減損可能性。此研究結果有助於深入了解資源配置與無形資產減損之間的關係。

關鍵字

資產減損 ； 無形資產 ； 資源配置

並列摘要

Rapid changes in the external environment cause impairment of intangible assets, which usually comes suddenly and hugely. Especially, some intangible assets take greater impairment possibilities. Companies that develop such intangible assets will be evaluated higher operation risk. This study intended to examine what kinds of intangible assets stand at higher impairment risk.
Corporates usually concentrate resources to develop specific intangible assets. The resource concentration strategies drive what kinds of intangible assets are constructed. On the other hand, the intangible assets of corporates that adopt equal resource allocation strategy are mostly goodwill recognized by mergers and acquisitions. Hence, I observe the impairment of intangible assets to examine whether firms adopting resource concentration strategies take greater impairment possibilities than firms adopting equal resource allocation strategy.
Our study first explores the pattern of corporate resource allocation from the perspective of expenditures for the listed firms of Taiwan during the 2008-2017 period. Cluster analysis will be used in the discrimination of different resource concentration strategies. Logistic models will be performed to test the incremental effect on the impairment possibilities of intangible assets for resource concentration strategies relative to the equal resource allocation strategy.
The exploratory results discriminate three resource concentration strategies and one equally distributed strategy. The concentration strategies include focus on both R&D and human resource, focus on human resource, and focus on capital advantage. The empirical results show that the strategy of focus on both R&D and human resource significantly increases the possibilities of impairment; while the strategy of focus on capital advantage significantly decreases the possibilities of impairment.
Research results provide an insight into the relationship between resource allocations and impairment of intangible assets.

並列關鍵字

impairment ； intangible assets ； resource allocation

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