An experimental examination of the effects of SFAS No. 2 on R&D investment decisions
The effects of capitalizing or expensing R&D expenditures on decentralized managers' investment decisions were tested in a multiperiod laboratory experiment. Subjects chose from menus of R&D and property, plant and equipment (PPE) projects. Suboptimizing behavior (inferior PPE projects...
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| Veröffentlicht in: | Accounting, organizations and society organizations and society, 1991, Vol.16 (3), p.227-242 |
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| container_title | Accounting, organizations and society |
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| creator | Cooper, Jean C. Selto, Frank H. |
| description | The effects of capitalizing or expensing R&D expenditures on decentralized managers' investment decisions were tested in a multiperiod laboratory experiment. Subjects chose from menus of R&D and property, plant and equipment (PPE) projects. Suboptimizing behavior (inferior PPE projects selected over superior R&D projects) was greater for R&D expensers. They chose relatively fewer R&D projects, spent less on R&D and generated lower terminal present values. When the accounting method for R&D changed, shifts in behavior consistent with the new method were observed. |
| doi_str_mv | 10.1016/0361-3682(91)90002-V |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0361-3682 |
| ispartof | Accounting, organizations and society, 1991, Vol.16 (3), p.227-242 |
| issn | 0361-3682 1873-6289 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_33080044 |
| source | RePEc; Elsevier ScienceDirect Journals; Periodicals Index Online |
| subjects | Decision making Financial accounting standards Hypotheses Investments Mathematical models R&D Research & development Research & development expenditures Standard deviation Variables |
| title | An experimental examination of the effects of SFAS No. 2 on R&D investment decisions |
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