Accounting recognition of intangible assets: theory and evidence on economic determinants

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dc.contributor.author Wyatt, A
dc.date.accessioned 2012-02-02T11:03:31Z
dc.date.issued 2005-01
dc.identifier.citation The Accounting Review, 2005, 80 (3), pp. 967 - 1003
dc.identifier.issn 0001-4826
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/15845
dc.description.abstract This paper examines the extent to which management makes accounting choices to record intangible assets based on their insights into the underlying economics of their firm. It exploits a setting in which management has accounting discretion to record a wide range of intangible assets. The results suggest that management's choice to record intangible assets is associated with the strength of the technology affecting the firms operations, the length of the technology cycle time, and property- rights-related factors that affect the firm's ability to appropriate the investment benefits. These effects are more important than other contracting and signaling factors consistent with the underlying economics operating as a first-order effect as envisaged by GAAP. The results also indicate that the intangible assets management has a voluntary (unregulated) choice to recordidentifiable intangible assetsare more highly correlated with underlying economic factors than the regulated classes, purchased goodwill and R&D assets. This result suggests that limiting managements' choices to record intangible assets tends to reduce, rather than improve, the quality of the balance sheet and investors' information set.
dc.publisher American Accounting Association
dc.relation.isbasedon 10.2308/accr.2005.80.3.967
dc.subject technology, property rights, intangible assets, financial reporting., Accounting
dc.subject technology; property rights; intangible assets; financial reporting.; Accounting
dc.title Accounting recognition of intangible assets: theory and evidence on economic determinants
dc.type Journal Article
dc.parent The Accounting Review
dc.journal.volume 3
dc.journal.volume 80
dc.journal.number 3 en_US
dc.publocation Sarasota, USA en_US
dc.identifier.startpage 967 en_US
dc.identifier.endpage 1003 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 1501 Accounting, Auditing and Accountability
dc.personcode 100288 en_US
dc.percentage 100 en_US
dc.classification.name Accounting, Auditing and Accountability en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords technology; property rights; intangible assets; financial reporting. en_US
dc.description.keywords technology
dc.description.keywords property rights
dc.description.keywords intangible assets
dc.description.keywords financial reporting.
dc.staffid en_US
dc.staffid 100288 en_US
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/Faculty of Business/School of Accounting
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance


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