Citation Export
DC Field | Value | Language |
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dc.contributor.author | 윤소라 | - |
dc.date.issued | 2021-04 | - |
dc.identifier.issn | 1598-8651 | - |
dc.identifier.uri | https://aurora.ajou.ac.kr/handle/2018.oak/35393 | - |
dc.description.abstract | [Purpose]The purpose of this study is to examine whether R&D expenditure and the intangible assets of companies can provide value-relevant information to the capital market, and to examine whether the value-relevance of R&D is different depending on the company’s accounting choice. <br>[Methodology]Using two different regression equations, stock return and operating income are regressed on R&D intensity, intangible assets, and other control variables. <br>[Findings]The results show that both R&D intensity and intangible assets are positively related to stock return and operating income. These findings indicate that R&D expenditures present future economic value, and therefore, should not be treated like other expenses. In addition, this study finds that the value-relevance of R&D expense exists both in DI- and DS-adopting companies; therefore, it is concluded that the value-relevance of R&D expenditures is not a matter of accounting choice. <br>[Implications]This study provides empirical evidence of the financial value-relevance of R&D expenditure and intangible assets using recent data across industries and countries. These results can be used to develop novel systems that can appropriately value, measure, and report R&D expenses and intangible assets. The results also contribute to the consideration of an accounting method that accepts R&D and intangibles as value-creating assets. | - |
dc.language.iso | Eng | - |
dc.publisher | 한국경영교육학회 | - |
dc.title | Value-Relevance of Research and Development Expenses and Intangible Assets: Is It a Matter of Accounting Choice? | - |
dc.title.alternative | 연구개발비와 무형자산의 가치관련성: 29개국 자본시장의 회계선택 관점에서의 분석 | - |
dc.type | Article | - |
dc.citation.endPage | 292 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 267 | - |
dc.citation.title | 경영교육연구 | - |
dc.citation.volume | 36 | - |
dc.identifier.bibliographicCitation | 경영교육연구, Vol.36 No.2, pp.267-292 | - |
dc.identifier.doi | 10.23839/kabe.2021.36.2.267 | - |
dc.subject.keyword | 가치관련성 | - |
dc.subject.keyword | 국제회계기준 | - |
dc.subject.keyword | 무형자산 | - |
dc.subject.keyword | 연구개발비 | - |
dc.subject.keyword | 연구개발집중도 | - |
dc.subject.keyword | 회계기준 | - |
dc.subject.keyword | 회계선택 | - |
dc.subject.keyword | Accounting Choice | - |
dc.subject.keyword | Accounting Standards | - |
dc.subject.keyword | IFRS | - |
dc.subject.keyword | Intangible Assets | - |
dc.subject.keyword | R&D Expense | - |
dc.subject.keyword | R&D Intensity | - |
dc.subject.keyword | Value-Relevance | - |
dc.type.other | Article | - |
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