Identifiable intangible asset disclosures, stock prices and future earnings

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dc.contributor.author Wells, PA
dc.contributor.author Ritter, AC
dc.date.accessioned 2009-12-21T02:38:00Z
dc.date.issued 2006-01
dc.identifier.citation Accounting and Finance, 2006, 46 (8), pp. 843 - 863
dc.identifier.issn 0810-5391
dc.identifier.other C1 en_US
dc.identifier.uri http://hdl.handle.net/10453/5393
dc.description.abstract As a consequence of regulatory reforms currently being initiated as part of international convergence, it is likely that the recognition and disclosure of identifiable intangible assets by Australian firms will cease. This study provides empirical evidence on how this will impact financial reports. First, evidence is provided of a positive association between stock prices and voluntarily recog- nized and disclosed identifiable intangible assets. Second, evidence is provided of a positive association between identifiable intangible assets and realized future period income. This provides insights into the nature of the information provided by intangible assets, and identifies a basis for the association between stock prices and identifiable intangible assets. This leads to the conclusion that identifiable intangible assets disclosures are value relevant, and that with the application of the restrictive recognition rules in AASB138 these disclosures in financial reports will be greatly diminished.
dc.publisher Blackwell Publishing Asia
dc.title Identifiable intangible asset disclosures, stock prices and future earnings
dc.type Journal Article
dc.parent Accounting and Finance
dc.journal.volume 8
dc.journal.volume 46
dc.journal.number 8 en_US
dc.publocation Carlton, Australia en_US
dc.identifier.startpage 843 en_US
dc.identifier.endpage 863 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150103 Financial Accounting
dc.personcode 920016
dc.percentage 100 en_US
dc.classification.name Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.description.keywords financial reporting; intangible assets en_US
dc.description.keywords financial reporting
dc.description.keywords intangible assets
dc.description.keywords financial reporting
dc.description.keywords financial reporting
dc.description.keywords intangible assets
dc.description.keywords intangible assets
dc.description.keywords financial reporting
dc.description.keywords intangible assets
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
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10


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