Cazavan-Jeny, Anne; Jeanjean, Thomas - In: European Accounting Review 15 (2006) 1, pp. 37-61
Accounting for R&D costs is an open issue. SFAS N°2 mandates that all R&D costs must be immediately expensed. IAS 38 requires capitalization of R&D costs if they meet certain criteria. Recent research papers show the value relevance of capitalized R&D. We test the value relevance of R&D...
