The valuation of R&D expenditures in Japan

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Show simple item record Nguyen, PD Nivoix, S Noman, M 2011-02-07T06:26:54Z 2010-01
dc.identifier.citation Accounting & Finance, 2010, 50 (4), pp. 899 - 920
dc.identifier.issn 0810-5391
dc.identifier.other C1 en_US
dc.description.abstract The difficulty to measure the long-term benefits of R&D expenditures and the distortions induced by R&D accounting suggest that R&D-intensive firms could be undervalued. Using several methods commonly applied to detect the abnormal returns associated with mispricing, we find little evidence that the value of R&D investments has been underestimated in the Japanese stock market. Given that R&D accounting rules in Japan are similar to those in United States, the results appear to reject the hypothesis that accounting biases are the cause of the undervaluation of R&D investments observed in the United States.
dc.publisher Blackwell Publishing
dc.relation.isbasedon 10.1111/j.1467-629X.2010.00345.x
dc.title The valuation of R&D expenditures in Japan
dc.type Journal Article
dc.parent Accounting & Finance
dc.journal.volume 4
dc.journal.volume 50
dc.journal.number 4 en_US
dc.publocation Oxford, UK en_US
dc.identifier.startpage 899 en_US
dc.identifier.endpage 920 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 1501 Accounting, Auditing and Accountability
dc.for 150201 Finance
dc.personcode 103857
dc.percentage 50 en_US Finance en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords R&D expenses; Reporting biases; Market valuation; Mispricing; Abnormal returns en_US
dc.description.keywords R&D expenses
dc.description.keywords Reporting biases
dc.description.keywords Market valuation
dc.description.keywords Mispricing
dc.description.keywords Abnormal returns
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance
utslib.copyright.status Closed Access 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)

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