소프트웨어 산업 분야에서 가상자산 회계정보의 가치관련성

Most of companies holding crypto assets in Korea are distributed in software-related industries, and these companies recognize crypto assets as intangible assets. This study examined the value relevance of accounting information on crypto assets in the software industry to see whether the accounting information is useful. The sample of this study is about 34 companies-years that recognized crypto assets as intangible assets from 2018 to 2022 in software-related industries. As a result, this study found that crypto assets recognized as intangible assets have a positive relationship with firm value. This is a result that proves that stock investors investing in the software industry perceive crypto assets as intangible assets that provide future economic benefits, and that accounting information recognized as intangible assets is useful. This study has a contribution in that it is the first study to empirically examine whether the accounting information of crypto assets is related to firm value.