| Summary: | 碩士 === 朝陽科技大學 === 會計系 === 107 === 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.
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