4,998
Views
46
CrossRef citations to date
0
Altmetric
Articles

Ending the Accounting-for-Intangibles Status Quo

References

  • Aboody, D., & Lev, B. (1998). The value relevance of intangibles: The case of software capitalization. Journal of Accounting Research, 36(Supplement), 161–191. doi: 10.2307/2491312
  • Bai, J., Philippon, T., & Savov, A. (2016). Have financial markets become more informative? Journal of Financial Economics, 122(3), 625–654. doi: 10.1016/j.jfineco.2016.08.005
  • Barron, O. E., & Stuerke, P. S. (1998). Dispersion in analysts’ earnings forecasts as a measure of uncertainty. Journal of Accounting, Auditing & Finance, 13(3), 245–270. doi: 10.1177/0148558X9801300305
  • Barth, M. E., Li, K., & McClure, C. G. (2017). Evolution in value relevance of accounting information, Stanford University Graduate School of Business Research Paper No. 17–24. Retrieved from SSRN: https://ssrn.com/abstract=2933197 or http://dx.doi.org/10.2139/ssrn.2933197
  • Bonacchi, M., Kolev, K., & Lev, B. (2015). Customer franchise-a hidden, yet crucial, asset. Contemporary Accounting Research, 32(3), 1024–1049. doi: 10.1111/1911-3846.12095
  • Cazavan-Jeny, A., & Jeanjean, T. (2006). The negative impact of R&D capitalization: A value relevance approach. European Accounting Review, 15(1), 37–61. doi: 10.1080/09638180500510384
  • Chen, E., Gavious, I., & Lev, B. (2017). The positive externalities of IFRS R&D capitalization: Enhanced voluntary disclosure. Review of Accounting Studies, 22(2), 677–714. doi: 10.1007/s11142-017-9399-x
  • Corrado, C., Haskel, J., Jona-Lasinio, C., & Iommi, M. (2013). Innovation and intangible investment in Europe, Japan, and the United States. Oxford Review of Economic Policy, 29(2), 261–286. doi: 10.1093/oxrep/grt017
  • Corrado, C., Hulten, C., & Sichel, D. (2009). Intangible capital and U.S. Economic growth. Review of Income & Wealth, 55(3), 661–685. doi: 10.1111/j.1475-4991.2009.00343.x
  • Corrado, C. A., & Hulten, C. R. (2010). How do you measure a “technological revolution”? American Economic Review, 100(2), 99–104. doi: 10.1257/aer.100.2.99
  • De Waegenaere, A., Sansing, R. C., & Wielhouwer, J. L. (2017). Development cost capitalization during R&D races. Contemporary Accounting Research, 34(3), 1522–1546. doi: 10.1111/1911-3846.12306
  • Dichev, I. D. (2017). On the conceptual foundations of financial reporting. Accounting and Business Research, 47(6), 617–632. doi: 10.1080/00014788.2017.1299620
  • Dichev, I. D., Graham, J. R., Harvey, C. R., & Rajgopal, S. (2013). Earnings quality: Evidence from the field. Journal of Accounting & Economics, 56(2-3), 1–33. doi: 10.1016/j.jacceco.2013.05.004
  • Dichev, I. D., & Tang, V. W. (2008). Matching and the changing properties of accounting earnings over the last 40 years. The Accounting Review, 83(6), 1425–1460. doi: 10.2308/accr.2008.83.6.1425
  • Dinh, T., Kang, H., & Schultze, W. (2016). Capitalizing research & development: Signaling or earnings management? European Accounting Review, 25(2), 373–401. doi: 10.1080/09638180.2015.1031149
  • Doidge, C., Kahle, K. M., Karolyi, G. A., & Stulz, R. M. (2018). Eclipse of the public corporation or eclipse of the public markets? Journal of Applied Corporate Finance, 30(1), 8–16.
  • Eberhart, A. C., Maxwell, W. F., & Siddique, A. R. (2004). An examination of long-term abnormal stock returns and operating performance following R&D increases. Journal of Finance, 59(2), 623–650. doi: 10.1111/j.1540-6261.2004.00644.x
  • Edmans, A., Fang, V. W., & Lewellen, K. A. (2017). Equity vesting and investment. Review of Financial Studies, 30(7), 2229–2271. doi: 10.1093/rfs/hhx018
  • Elwin, P. (2008). Discussion of ‘accounting for intangibles - a critical review of policy recommendations’. Accounting and Business Research, 38(3), 205–207. doi: 10.1080/00014788.2008.9663333
  • Enache, L., & Srivastava, A. (2018). Should intangible investments be reported separately or commingled with operating expenses? New evidence. Management Science, 64(7), 3446–3468. doi: 10.1287/mnsc.2017.2769
  • FASB. (1974). SFAS No. 2 “accounting for research and development costs”, Financial Accounting Standards Board.
  • FASB. (1985). Statement of financial accounting standards (SFAS) No. 86: Accounting for the costs of computer software to be sold, leased, or otherwise marketed. Norwalk, CT: Financial Accounting Standards Board.
  • FASB. (2016). Invitation to comment - agenda consultation, August 4, p. 11. Retrieved from https://www.fasb.org/cs/ContentServer?c=FASBContent_C&cid=1176168356245&d=&pagename=FASB%2FFASBContent_C%2FNewsPage
  • FASB-IASB. (2010). Project update, Financial Accounting Standards Board, International Financial Reporting Standards, March 15.
  • Financial Accounting Standards Advisory Council (FASAC). (2015). Meeting report, September 29, 68, 89.
  • Graham, B., Dodd, D., & Cottle, S. (1962). Security analysis; principles and techniques (4th ed.). New York: McGraw-Hill.
  • Gu, F., & Lev, B. (2017). Time to change your investment model. Financial Analysts Journal, 73(4), 23–33. doi: 10.2469/faj.v73.n4.4
  • Gupta-Mukherjee, S. (2014). Investing in the “new economy”: Mutual fund performance and the nature of the firm. Journal of Financial & Quantitative Analysis, 49(1), 165–191. doi: 10.1017/S0022109014000179
  • Hall, B. (2011). Innovation and productivity. Nordic Economic Policy Review, (2), 167–203.
  • Haskel, J., & Westlake, S. (2018). Capitalism without capital. Princeton University Press.
  • Healy, P. M., Myers, S. C., & Howe, C. D. (2002). R&D accounting and the tradeoff between relevance and objectivity. Journal of Accounting Research, 40(3), 677–710. doi: 10.1111/1475-679X.00067
  • Hou, K., Xue, C., & Zhang, L. (2017). Replicating anomalies. The Ohio State University. Retrieved from SSRN: https://ssrn.com/abstract=2961979 or http://dx.doi.org/10.2139/ssrn.2961979
  • Khan, U., Li, B., Rajgopal, S., & Venkatachalam, M. (2018). Do the FASB's standards add shareholder value? The Accounting Review, 93(2), 209–247. doi: 10.2308/accr-51840
  • Kim, J. (2018). PCAOB inspections and resource allocation for innovation. New York University.
  • Krishnan, G. V., & Changjiang, W. (2014). Are capitalized software development costs informative about audit risk? Accounting Horizons, 28(1), 39–57. doi: 10.2308/acch-50580
  • Ladika, T., & Sautner, Z. (2017). Managerial short-termism and investment: Evidence from accelerated option vesting, Working Paper. University of Amsterdam.
  • Lev, B. (2004). Sharpening the intangibles edge. Harvard Business Review, 82(6), 109–116.
  • Lev, B. (2008). A rejoinder to Douglas Skinner’s ‘accounting for intangibles - a critical review of policy recommendations’. Accounting & Business Research, 38(3), 209–213. doi: 10.1080/00014788.2008.9663334
  • Lev, B. (2018). The deteriorating usefulness of financial report information and how to reverse it. Accounting and Business Research, 48(5), 465–493. doi: 10.1080/00014788.2018.1470138
  • Lev, B., & Gu, F. (2016). The end of accounting and the path forward for investors and managers. New Jersey: John Wiley & Sons.
  • Lev, B., Sarath, B., & Sougiannis, T. (2005). R&D reporting biases and their consequences. Contemporary Accounting Research, 22(2), 977–1026. doi: 10.1506/7XMH-QQ74-L6GG-CJRX
  • Lev, B., & Zarowin, P. (1999). The boundaries of financial reporting and how to extend them. Journal of Accounting Research, 37(2), 353–385. doi: 10.2307/2491413
  • Lev, B., & Zhu, C. (2018). Patent disclosures reduce investors’ R&D uncertainty and firms’ cost of capital. New York University.
  • Li, K., & Sloan, R. (2017). Has goodwill accounting gone bad? Review of Accounting Studies, 22(2), 964–1003. doi: 10.1007/s11142-017-9401-7
  • Linnainmaa, J. T., & Roberts, M. R. (2018). The history of the cross-section of stock returns. The Review of Financial Studies, 31(7), 2606–2649. doi: 10.1093/rfs/hhy030
  • Ohlson, J. A. (2006). A practical model of earnings measurement. The Accounting Review, 81(1), 271–279. doi: 10.2308/accr.2006.81.1.271
  • Oswald, D. R., Simpson, A. V., & Zarowin, P. (2017). The information benefits of R&D capitalization. New York University. Retrieved from SSRN: https://ssrn.com/abstract=2952388 or http://dx.doi.org/10.2139/ssrn.2952388
  • Paton, W., & Littleton, A. C. (1940). An introduction to corporate accounting standards. New York: American Accounting Association.
  • Penman, S. H. (2009). Accounting for intangible assets: There is also an income statement. Abacus, 45(3), 358–371. doi: 10.1111/j.1467-6281.2009.00293.x
  • Peters, R. H., & Taylor, L. A. (2017). Intangible capital and the investment-q relation. Journal of Financial Economics, 123(2), 251–272. doi: 10.1016/j.jfineco.2016.03.011
  • Skinner, D. J. (2008a). Accounting for intangibles - a critical review of policy recommendations. Accounting and Business Research, 38(3), 191–204. doi: 10.1080/00014788.2008.9663332
  • Skinner, D. J. (2008b). A reply to Lev's rejoinder to ‘accounting for intangibles - a critical review of policy recommendations’. Accounting and Business Research, 38(3), 215–216. doi: 10.1080/00014788.2008.9663335
  • Srivastava, A. (2014). Why have measures of earnings quality changed over time? Journal of Accounting & Economics, 57(2/3), 196–217. doi: 10.1016/j.jacceco.2014.04.001
  • Storey, R., & Storey, S. (1998). The framework of financial accounting concepts and standards. Norwalk, CT: Financial Accounting Standards Board.
  • Wahlen, J., Baginski, S., & Bradshaw, M. (2010). Financial reporting, financial statement analysis, and valuation: A strategic perspective (7th ed.). Mason, OH: South Western Cengage Learning.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.