CAJ | 학술논문

基于智力资本互联网信息披露对分析师跟踪、企业价值影响的理论分析，本文采用中介变量检验方法，实证考察了主板A股高新技术企业智力资本互联网信息披露、分析师跟踪与企业价值的关系，发现上市公司智力资本互联网信息披露水平越高，企业价值越大；分析师跟踪在智力资本互联网信息披露与企业价值的关系中发挥部分中介作用，证券分析师作为信息中介对企业价值产生影响，企业网站已成为智力资本信息的重要披露途径。
기우지력자본호련망신식피로대분석사근종、기업개치영향적이론분석，본문채용중개변량검험방법，실증고찰료주판A고고신기술기업지력자본호련망신식피로、분석사근종여기업개치적관계，발현상시공사지력자본호련망신식피로수평월고，기업개치월대；분석사근종재지력자본호련망신식피로여기업개치적관계중발휘부분중개작용，증권분석사작위신식중개대기업개치산생영향，기업망참이성위지력자본신식적중요피로도경。
Based on analyzing the influence of intellectual capital information disclosure on analysts following and enterprise value, using intermediary variable testing method, this paper makes an empirical study on the relationship among the intellectual capital information disclosure, analysts following and firm value for motherboard A - share market high - tech firms. The results of our study indicate that, intellectual capital Intemet information disclosure level and enterprise value is significantly positively correlated; analysts following plays a partial mediation variables role in intellectual capital Internet information disclosure and firm value, as an information intermediary, securities analysts impact on enterprise value, and enterprise web site has become an important way to disclosure intellectual capital information.