Purpose – This paper aims to focus on helping managers understand a factor that stimulates investment in R&D, namely, the R&D tax credit. Design/methodology/approach – The paper uses a sample of firms in Taiwan; the study period is 1999‐2004. Four variables are used to categorize firms in...

Traditional accounting methods used for evaluating new information technology (IT) projects such as Net present value (NPV) and Internal rate of return (IRR) have been criticized in the academic and practitioners’ literature as being grossly inadequate. This is because these methods do not...