The economic value of the R&D intangible asset

ReferenceS

• Ballester , M. , Livnat , J. and Sinha , N. (2002) . Labor costs and investments in human capital . Journal of Accounting, Auditing and Finance , 14 ( 2 ) : 351 – 73 .
   Google Scholar
• Bublitz , B. and Ettredge , M. (1989) . The information in discretionary outlays: advertising, research and development . Accounting Review , 64 : 108 – 24 .
   Web of Science ®Google Scholar
• Chan , S. H. , Martin , J. D. and Kensinger , J. W. (1990) . Corporate research and development expenditures and share value . Journal of Accounting and Economics , 26 : 255 – 76 .
   Google Scholar
• Cockburn , I. and Griliches , Z. (1988) . Industry effects and appropriability measures in the stock market's valuation of R&D and patents . American Economic Review , 78 : 419 – 23 .
   Web of Science ®Google Scholar
• Doukas , J. and Switzer , L. N. (1992) . The stock market's view of R&D spending and market concentration . Journal of Economics and Business , 44 ( 2 ) : 95 – 114 .
   Web of Science ®Google Scholar
• Feltham G. A. Ohlson J. A. (1995) Valuation and clean surplus accounting for operating and financial activities Contemporary Accounting Research 11 2 Spring 689 731
   Google Scholar
• Feltham , G. A. and Ohlson , J. A. (1996) . Uncertainty resolution and the theory of depreciation measurement . Journal of Accounting Research , 34 ( 2 ) : 209 – 35 .
   Web of Science ®Google Scholar
• Financial Accounting Standards Board (1974) Accounting for Research and Development Costs Statement of Financial Accounting Standards No. 2 Stamford CT FASB
   Google Scholar
• Hall , B. H. (1993) . The stock market's valuation of R&D investment during the 1980's . American Economic Review , 83 ( 2 ) : 259 – 64 .
   Web of Science ®Google Scholar
• Hirschey , M. (1982) . Intangible capital aspects of advertising and R&D expenditures . Journal of Industrial Economics , 30 ( 4 ) : 375 – 90 .
   Web of Science ®Google Scholar
• International Accounting Standards Committee (1998) Intangible Assets International Accounting Standard No. 38 London IASC
   Google Scholar
• Jarrel G. A. Lehn K. Marr M. W. (1985) Institutional Ownership, Tender Offers and Long Term Investments Washington, DC SEC
   Google Scholar
• Johnson , J. (1967) . A consequential approach to accounting for R&D . Journal of Accounting Research , 3 : 164 – 72 .
   Google Scholar
• Kothari S. P. Laguerre T. Leone A. (1998) Capitalization versus expensing: evidence on the uncertainty of future earnings from capital expenditures versus R&D outlays Working Paper MIT and University of Rochester
   Google Scholar
• Lev , B. and Sougiannis , T. (1996) . The capitalization, amortization and value relevance of R&D . Journal of Accounting and Economics , 21 : 107 – 38 .
   Web of Science ®Google Scholar
• Lev , B. and Sougiannis , T. (1999) . Penetrating the book-to-market black box: the R&D effect . Journal of Business, Finance and Accounting , 26 ( 3–4 ) : 419 – 45 .
   Google Scholar
• Lev B. Sarath B. Sougiannis T. (1999) R&D-related reporting biases and their consequences Working Paper (latest available version 2000) New York University and University of Illinois
   Google Scholar
• Megna , P. and Mueller , D. (1991) . Profit rates and intangible capital . Review of Economics and Statistics , 73 : 421 – 31 .
   Web of Science ®Google Scholar
• Milburn A. (1971) An empirical study of the relationship of research and development expenditures to subsequent benefits Working Paper University of Illinois
   Google Scholar
• Myers , J. N. (1999) . Implementing residual income valuation with linear information dynamics . Accounting Review , 74 ( January ) : 1 – 28 .
   Web of Science ®Google Scholar
• Newman , M. (1968) . Equating return from R&D expenditures . Financial Executive , April : 26 – 33 .
   Google Scholar
• Ohlson J. A. (1995) Earnings, book values and dividends in security valuation Contemporary Accounting Research Spring 661 87
   Google Scholar
• Sougiannis , T. (1994) . The accounting based valuation of corporate R&D . Accounting Review , 69 ( 1 ) : 44 – 68 .
   Web of Science ®Google Scholar
• Telser , L. G. (1969) . Comment . American Economic Review , 59 ( 2 ) : 121 – 3 .
   Google Scholar
• Weiss , L. W. (1969) . Advertising, profits and corporate taxes . Review of Economics and Statistics , 51 ( November ) : 421 – 30 .
   Google Scholar
• Woolridge , J. R. (1988) . Competitive decline and corporate restructuring: is a myopic stock market to blame? . Journal of Applied Corporate Finance , 1 : 26 – 36 .
   Google Scholar
• Zarowin P. (1999) The market valuation of R&D expenditures Working Paper New York University October
   Google Scholar