Innovative activities and KPI impact on the KOSDAQ IT firm value - Accounting perspective

Abstract

Through the changes in firm management activities, value creation of firm drives due to the movement in from tangible assets to intangible assets. Thus, research and interest about an invisible power is very important as the reason of firm growth or value, in a knowledge-based society. Although innovative activities in firms are dynamic power of firm's value growth, there is a positive analytical issue whether the market expects wrong expectations for the short term or innovative activities are not linked to firm's value growth. The purpose of this research is based on analysis of obtaining a patent, including an influence of innovative activities on firm's value and on long-term performance in long-term basis.