haku: @indexterm VALUATION / yhteensä: 677
viite: 419 / 677
| Tekijä: | Sougiannis, T. |
| Otsikko: | The accounting based valuation of corporate R&D |
| Lehti: | Accounting Review
1994 : JAN, VOL. 69:1, p. 44-68 |
| Asiasana: | R&D VALUATION MODELS |
| Kieli: | eng |
| Tiivistelmä: | This article examines whether reported accounting earnings reflect benefits from past research and development (R&D) expenditures and uses the benefits, if any, to estimate the investment value of R&D. The issue is how to extract realized R&D benefits from income statement numbers and is important given the current accounting policy of expensing R&D as incurred. To the extent that market participants can determine realized benefits and expect these benefits to persist in the future, they will use accounting earnings numbers to value current R&D. |
SCIMA