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| Author: | Zhao, R. |
| Title: | Relative value relevance of R&D reporting: an international comparison |
| Journal: | Journal of international financial management & accounting
2002 : SUMMER, VOL. 13:2, p. 153-174 |
| Index terms: | Financial management R&D Costs R&D costs |
| Language: | eng |
| Abstract: | The study examines the relative value relevance of R & D reporting in France, Germany, and United Kingdom and the USA. France and the UK allow conditional capitalization of R&D costs. The relative value relevance of R&D reporting under different R&D accounting standards are compared while controlling for the reporting environment. Test results suggest that the level of R&D reporting has significant effect on the association of equity price with accounting earnings and book value in Germany and the USA, , and the allocation of R&D costs between capitalization and expense further increases the value relevance of R&D reporting in France and the UK (capitalizing countries), including firms in the US softaware industry. |
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