The relevance to firm valuation of capitalised research and development expenditures

Australian Accounting Review

Volumn 14, Issue 34, 2004, Pages 72-76

  Ke, Feliana Yie ^a   Pham, Tam ^b   Fargher, Neil ^c  

^a UNIVERSITY OF SURABAYA   (Indonesia)

^b Ernst Young   (United Kingdom)

^c MACQUARIE UNIVERSITY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 40149107163     PISSN: 10356908     EISSN: 18352561     Source Type: Journal    
DOI: 10.1111/j.1835-2561.2004.tb00243.x     Document Type: Article

References (15)

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3. Australian Accounting Standards Board, 1987, Australian Accounting Standard AASB 1011 Accounting for Research and Development Costs.
4. Barth, M. E., 1994, “Fair Value Accounting: Evidence from Investment Securities and the Market Value Valuation of Banks”, The Accounting Review 69, 1: 1-25.
5. Bosworth, D., and M. Rogers., 2001, “Market Value, R&D and Intellectual Property: An Empirical Analysis of Large Australian Firms”, The Economic Record 77: 323-37.
6. Chan, L. K. C., J. Lakonishok., and T. Sougiannis., 2001, “The Stock Market Valuation of Research and Development Expenditures”, Journal of Finance 56, 2: 2431-56.
7. Financial Accounting Standards Board, 1974, Statement of Financial Accounting Standard 2 Accounting for Research and Development Costs.
8. Godfrey, J., and P. S. Koh., 2001, “The Relevance to Firm Valuation of Capitalising Intangible Assets in Total and by Category”, Australian Accounting Review 11, 2: 39-47.
9. Holthausen, R. W., and R. L. Watts., 2001, “The Relevance of the Value Relevance Literature for Financial Accounting Standard Setting”, Journal of Accounting and Economics 31: 3-75.
10. International Accounting Standards Committee, 1978, International Accounting Standard 9 Accounting for Research and Development Activities.
11. Joseph, G., 2001, “An Incremental and Relative Analysis of the Valuation of R&D Intensive Firms”, Accounting Enquiries 10, 2: 243-74.
12. Kothari, S. P., T. E. Laguerre., and A. J. Leone., 2002, “Capitalization Versus Expensing: Evidence on the Uncertainty of Future Earnings from Capital Expenditures Versus R&D Outlays”, Review of Accounting Studies 7: 355-82.
13. Lev, B., and T. Sougiannis., 1996, “The Capitalization, Amortization and Value-Relevance of R&D”, Journal of Accounting and Economics 21: 107-38.
14. Smith, D. T., M. Percy., and G. D. Richardson., 2001, “Discretionary Capitalisation of R&D: Evidence on the Usefulness in an Australian and Canadian Context”, Advances in International Accounting 14: 15-46.
15. White, H., 1980, “A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity”, Econometrica 48: 871-38.