| dc.description.abstract | This paper examines the value relevance of intangible assets under moderating effect of corporate governance in 2014. Using a sample of 253 listed firms on Ho Chi Minh Stock Exchange (HOSE), the value relevance of intangible assets is analyzed by model developed from Ohson theory (Feltham & Ohlson, 1995). The main results indicate that intangible assets are value relevant. Under moderating effect of corporate governance, the positive relationship of intangible assets as a whole or goodwill and market value of equity is negative. In contrast, corporate governance has positive impact on the association of other intangible assets and market value of equity. There is no evidence indicating the book value of capitalized assets is value relevance.
Keywords: Intangible assets, goodwill, other intangible assets, value relevance, corporate governance. | en_US |
