The relation between R&D intensity and future market returns: does expensing versus capitalization matter?

The Australian accounting environment provides an ideal setting for examining the impact of different accounting treatments of firms' R&D activities on their subsequent returns. Unlike US firms, which can only expense R&D, Australian GAAP permits firms to either expense or capitalize th...

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Veröffentlicht in:	Review of quantitative finance and accounting 2007-07, Vol.29 (1), p.25-51
Hauptverfasser:	Chan, Howard W. H., Faff, Robert W., Gharghori, Philip, Ho, Yew Kee
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting Accounting procedures Accounting research Accounting standards Australia Business accounting Expenditures Financial accounting Financial reporting GAAP Generalized method of moments R&D Research & development Research and development Studies
Online-Zugang:	Volltext
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