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Original Articles

The economic value of the R&D intangible asset

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Pages 605-633 | Published online: 17 May 2010

Keep up to date with the latest research on this topic with citation updates for this article.

Read on this site (7)

Feng Liu, Byung Cho Kim & Kwangtae Park. (2022) Supplier-base concentration as a moderating variable in the non-linear relationship between R&D and firm value. Asian Journal of Technology Innovation 30:2, pages 342-363.
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Hyesoo Ko, Yanghon Chung & Chungwon Woo. (2021) Choice of R&D strategy and asymmetric cost behaviour. Technology Analysis & Strategic Management 33:9, pages 1022-1035.
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Alessandro Arrighetti, Fabio Landini & Andrea Lasagni. (2015) Intangible Asset Dynamics and Firm Behaviour. Industry and Innovation 22:5, pages 402-422.
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Subhash Abhayawansa, Mark Aleksanyan & John Bahtsevanoglou. (2015) The use of intellectual capital information by sell-side analysts in company valuation. Accounting and Business Research 45:3, pages 279-306.
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F. Tsoligkas & I. Tsalavoutas. (2011) Value relevance of R&D in the UK after IFRS mandatory implementation. Applied Financial Economics 21:13, pages 957-967.
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George W. Blazenko & Andrey D. Pavlov. (2010) Value maximizing hurdle rates for R&D investment. Economics of Innovation and New Technology 19:8, pages 693-717.
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Joseph Aharony, Ran Barniv & Haim Falk. (2010) The Impact of Mandatory IFRS Adoption on Equity Valuation of Accounting Numbers for Security Investors in the EU. European Accounting Review 19:3, pages 535-578.
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Articles from other publishers (67)

Simon Lundh, Karin Seger, Magnus Frostenson & Sven Helin. (2023) Accounting as a means to legitimacy: the case of internally generated intangibles. Qualitative Research in Accounting & Management.
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Albi Nani. (2023) Valuing big data: An analysis of current regulations and proposal of frameworks. International Journal of Accounting Information Systems 51, pages 100637.
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Hyongmook Cheong, Boyoung Kim & Ivan Ureta Vaquero. (2023) Data Valuation Model for Estimating Collateral Loans in Corporate Financial Transaction. Journal of Risk and Financial Management 16:3, pages 206.
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Michela Balconi, Laura Angioletti & Federico Cassioli. (2023) Hyperscanning EEG Paradigm Applied to Remote vs. Face-To-Face Learning in Managerial Contexts: Which Is Better?. Brain Sciences 13:2, pages 356.
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Abedalqader Rababah, Homa Molavi & Shayan Farhang Doust. (2022) Creating value via R&D, marketing costs and financial matters. Journal of Applied Accounting Research 23:4, pages 863-883.
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Roberto Moro-ViscontiRoberto Moro-Visconti. 2022. The Valuation of Digital Intangibles. The Valuation of Digital Intangibles 161 188 .
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Ferhat D. Zengul, Nurettin Oner, James D. Byrd & Arline Savage. (2021) Revealing Research Themes and Trends in 30 Top‐ranking Accounting Journals: A Text‐mining Approach. Abacus 57:3, pages 468-501.
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Nasıf ÖZKAN. (2021) R&D SPENDING AND FINANCIAL PERFORMANCE: AN INVESTIGATION IN AN EMERGING MARKET. International Journal of Management Economics and Business.
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Carlos M. Jardon & Xavier Martinez-Cobas. (2021) Measuring intellectual capital with financial data. PLOS ONE 16:5, pages e0249989.
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HENGJIE AI, DANA KIKU, RUI LI & JINCHENG TONG. (2020) A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching. The Journal of Finance 76:1, pages 317-356.
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Jie Liu, Arnulf Grubler, Tieju Ma & Dieter F. Kogler. (2020) Identifying the technological knowledge depreciation rate using patent citation data: a case study of the solar photovoltaic industry. Scientometrics 126:1, pages 93-115.
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Sang Il Kim & Kyung Tae Kim. (2020) The differentiated CSR activities and corporate value. Asian Review of Accounting 29:1, pages 19-41.
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Peter Chinloy, Cheng Jiang & Kose John. (2020) Investment, depreciation and obsolescence of R&D. Journal of Financial Stability 49, pages 100757.
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Wendy C. Y. Li & Bronwyn H. Hall. (2018) Depreciation of Business R&D Capital. Review of Income and Wealth 66:1, pages 161-180.
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Roberto Moro ViscontiRoberto Moro Visconti. 2020. The Valuation of Digital Intangibles. The Valuation of Digital Intangibles 295 325 .
Cristiana Cardi & Camilla Mazzoli. (2019) The role of intangibles disclosure in Italian IPOs. European Business Review 31:5, pages 688-720.
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Minjung Kang, Sangil Kim & Moon-Kyung Cho. (2019) The Effect of R&D and the Control–Ownership Wedge on Firm Value: Evidence from Korean Chaebol Firms. Sustainability 11:10, pages 2986.
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Francisco Leote & Ana Damião. 2019. Handbook of Research on Entrepreneurship, Innovation, and Internationalization. Handbook of Research on Entrepreneurship, Innovation, and Internationalization 390 418 .
Ivana Podhorska & Tomas Kliestik. 2019. Economic and Financial Challenges for Eastern Europe. Economic and Financial Challenges for Eastern Europe 109 123 .
Denise A. Jones. (2017) Using real options theory to explain patterns in the valuation of research and development expenditures. Review of Quantitative Finance and Accounting 51:3, pages 575-593.
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Gaétan de Rassenfosse & Adam B. Jaffe. (2018) Econometric evidence on the depreciation of innovations. European Economic Review 101, pages 625-642.
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Christine Reitmaier & Wolfgang Schultze. (2017) Enhanced business reporting: value relevance and determinants of valuation-related disclosures. Journal of Intellectual Capital 18:4, pages 832-867.
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Filipe Sardo & Zélia Serrasqueiro. (2017) A European empirical study of the relationship between firms’ intellectual capital, financial performance and market value. Journal of Intellectual Capital 18:4, pages 771-788.
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Oh Sang-hui. (2017) The Effects of R&D Expenses and patents on the Firm value. Management & Information Systems Review 36:3, pages 239-254.
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Hyun-Jung Nam & Yohan An. (2017) Patent, R&D and internationalization for Korean healthcare industry. Technological Forecasting and Social Change 117, pages 131-137.
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Félix J. López Iturriaga & Emilio J. López‐Millán. (2016) Institutional framework, corporate ownership structure, and R&D investment: an international analysis. R&D Management 47:1, pages 141-157.
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Dong ha Kim & So Young Sohn. (2016) Fuzzy analytic hierarchy process applied to technology credit scorecard considering entrepreneurs’ psychological and behavioral attributes. Journal of Intelligent & Fuzzy Systems 30:4, pages 2349-2364.
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Cristiana Cardi, Camilla Mazzoli & Sabrina Severini. 2016. Bank Funding, Financial Instruments and Decision-Making in the Banking Industry. Bank Funding, Financial Instruments and Decision-Making in the Banking Industry 193 223 .
Antonio Leotta. (2015) Capitalizing and controlling development projects as joint translations. The mediating role of the information technology. MANAGEMENT CONTROL:2, pages 101-134.
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Roberto Moro Visconti. (2015) Leveraging value with intangibles: more guarantees with less collateral?. Corporate Ownership and Control 13:1, pages 241-253.
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Fabio La Rosa & Giovanni Liberatore. (2014) Biopharmaceutical and chemical firms’ R&D disclosure, and cost of equity: The impact of the regulatory regime. European Management Journal 32:5, pages 806-820.
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Riccardo Cimini, Alessandro Gaetano & Alessandra Pagani. (2014) The relation between R&D accounting treatment and the risk of the firm: Evidence from the Italian market. FINANCIAL REPORTING:1, pages 33-54.
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Renato Sydler, Stefan Haefliger & Robert Pruksa. (2014) Measuring intellectual capital with financial figures: Can we predict firm profitability?. European Management Journal 32:2, pages 244-259.
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Taiwan Kwak & Hyun-Sun Wang. (2013) The Effect on R&D Expenditure to Value Relevance with respect to Firm Characteristics. Korea International Accounting Review null:50, pages 159-182.
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Mohamed A. Elbannan. (2013) Do analysts follow emerging economy firms with higher intangible assets? Empirical evidence from Egypt. Advances in Accounting 29:1, pages 50-59.
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Teresa duarte Atoche, José ángel Pérez lópez & Jose antonio Camúñez ruiz. (2012) La relevancia de los gastos de I+D. Estudio empírico en el sector del automóvil. Revista de Contabilidad 15:2, pages 257-286.
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Teresa Duarte Atoche, José Ángel Pérez López & José Antonio Camúñez Ruiz. (2012) Estudio de los gastos de I+D :un análisis empírico en el sector del automóvil. Estudios Gerenciales 28:124, pages 45-65.
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Michela Cordazzo & Philip G.M.C. Vergauwen. (2012) Intellectual capital disclosure in the UK biotechnology IPO prospectuses. Journal of Human Resource Costing & Accounting 16:1, pages 4-19.
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MING-YUAN LEON LI & NEN-CHEN RICHARD HWANG. (2011) Effects of Firm Size, Financial Leverage and R&D Expenditures on Firm Earnings: An Analysis Using Quantile Regression Approach. Abacus 47:2, pages 182-204.
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유순미. (2010) The economic value of the R&D intangible asset -focus on the valuation of stock market-. Korea International Accounting Review null:33, pages 249-269.
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Wang Xiao-wei, Suo Zhi-lin & Cheng Fu. (2010) Evaluation of high-tech enterprises' value based on the industry life cycle. Evaluation of high-tech enterprises' value based on the industry life cycle.
김성기 & Taiwan Kwak. (2010) Optimum R&D Investment Scale and Accounting Informations. Korea International Accounting Review null:32, pages 17-38.
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Efstathios G. Parcharidis & Nikos C. Varsakelis. (2010) R&D and Tobin's q in an emerging financial market: the case of the Athens Stock Exchange . Managerial and Decision Economics 31:5, pages 353-361.
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Inge Wulf. (2010) Bilanzierung des selbst geschaffenen immateriellen Anlagevermögens nach dem BilMoG – kritische Würdigung und rechnungslegungsanalytische Perspektiven im Lichte der Bilanztheorien. Zeitschrift für Planung & Unternehmenssteuerung 20:4, pages 331-352.
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Vicente Lima Crisóstomo. (2009) Dificuldades das empresas brasileiras para financiar seus investimentos em capital físico e em inovação. Revista de Economia Contemporânea 13:2, pages 259-280.
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Ana Zorio. 2009. Accounting Reform in Transition and Developing Economies. Accounting Reform in Transition and Developing Economies 191 214 .
Garen Markarian, Lorenzo Pozza & Annalisa Prencipe. (2008) Capitalization of R&D costs and earnings management: Evidence from Italian listed companies. The International Journal of Accounting 43:3, pages 246-267.
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Seraina C. Anagnostopoulou. (2008) R&D expenses and firm valuation: a literature review. International Journal of Accounting & Information Management 16:1, pages 5-24.
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Indra Abeysekera. (2008) Intellectual capital practices of firms and the commodification of labour. Accounting, Auditing & Accountability Journal 21:1, pages 36-48.
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. 2008. Steuerung der Effektivität kapitalmarktorientierter Unternehmenspublizität. Steuerung der Effektivität kapitalmarktorientierter Unternehmenspublizität 247 335 .
Sudi Sudarsanam, Ghulam Sorwar & Bernard Marr. (2006) Real options and the impact of intellectual capital on corporate value. Journal of Intellectual Capital 7:3, pages 291-308.
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VICENTE LIMA CRISÓSTOMO & ELEUTERIO VALLELADO GONZÁLEZ. (2006) POSSÍVEL REAÇÃO DO MERCADO BRASILEIRO AOS INVESTIMENTOS EM P&D. RAM. Revista de Administração Mackenzie 7:1, pages 96-114.
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Jeffrey I. Bernstein & Theofanis P. Mamuneas. (2006) R&D depreciation, stocks, user costs and productivity growth for US R&D intensive industries. Structural Change and Economic Dynamics 17:1, pages 70-98.
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Jeffrey L. Callen & Mindy Morel. (2005) The valuation relevance of R&D expenditures: Time series evidence. International Review of Financial Analysis 14:3, pages 304-325.
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Dennis J. Chambers. (2007) Has Goodwill Accounting Under SFAS 142 Improved Financial Reporting?. SSRN Electronic Journal.
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Pasi Karjalainen. (2003) Accounting Treatment of R&D Expenditures and Firm-Specific Characteristics of the R&D Capital. SSRN Electronic Journal.
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Petr Turzin, Elena Yashina, Sergey Kovalev, A Generalov, Alexander Evseev & Konstantin Lukichev. (2021) Анализ современных организационных и информационных технологий в управлении профессиональным здоровьем и профессиональным долголетием (Analysis of Modern Organizational and Information Technologies in the Management of Professional Health and Professional Longevity). SSRN Electronic Journal.
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Roberto Moro Visconti. (2018) Patent Valuation. SSRN Electronic Journal.
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Gaatan de Rassenfosse & Adam B. Jaffe. (2017) Econometric Evidence on the Depreciation of Innovations. SSRN Electronic Journal.
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Roberto Moro Visconti. (2017) Domain Name Valuation: Internet Traffic Monetization and IT Portfolio Bundling. SSRN Electronic Journal.
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FFlix J. LLpez-Iturriaga & Emilio LLpez-Millln. (2015) Institutional Framework, Corporate Ownership Structure, and R&D Investment: An International Analysis. SSRN Electronic Journal.
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FFlix J. LLpez-Iturriaga & Emilio LLpez-Millln. (2015) Institutional Framework, Corporate Ownership Structure, and R&D Investment: An International Analysis. SSRN Electronic Journal.
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Parunchana Pacharn. (2010) Accounting for Goodwill and Incentive to Invest in Intangible Assets. SSRN Electronic Journal.
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Giuseppe Marzo. (2005) Impairment Test and Real Options Analysis: Congenial or Uncongenial Twins? With Special Reference to Intangible Assets. SSRN Electronic Journal.
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Lorenzo Pozza, Annalisa Prencipe & Garen Markarian. (2007) Capitalization of R&D Costs and Earnings Management: Evidence from Italian Listed Companies. SSRN Electronic Journal.
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