haku: @indexterm VALUATION / yhteensä: 677
viite: 149 / 677
| Tekijä: | Gelb, D. S. |
| Otsikko: | Intangible Assets and Firms' Disclosures: An Empirical Investigation |
| Lehti: | Journal of Business Finance and Accounting
2002 : VOL. 29:3-4, p. 457-476 |
| Asiasana: | INTANGIBLE ASSETS VALUATION COMPANIES EMPIRICAL RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | This study examines how research and development (R&D) and advertising expenditures affect firms' disclosures. Generally accepted accounting principles (GAAP) mandate that these expenditures be immediately expensed in financial reports, despite the fact that they often benefit the firm for longer periods. Prior studies find, however, that investors consider intangible assets in their valuation of firms. These studies argue that current GAAP, by not recognizing the value generated by these assets, severely impairs the usefulness of accounting reports. The author investigate if firms with higher levels of R&D and advertising expenditures place greater reliance on voluntary, and therefore more flexible, disclosures such as voluntary publications and investor relations. |
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