Dedman, Elisabeth; Lin, Stephen W.-J; Prakash, Arun J.; … - In: Journal of Accounting and Public Policy 27 (2008) 3, pp. 195-216
In the UK, SSAP 13 requires that firms immediately expense most of their R&D expenditures. The reported earnings of high-R&D expenditure firms are therefore likely to convey less value-relevant information to investors than those of less research-intensive firms. Using a sample of firms from the...