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提要和引言本文考查报告的会计收益是否反映了来自以前的研究与开发支出的益处,如果有,应用这些益处来估计研究开发的投资价值。问题是如何从收益表数字中获取已实现的研究与开发益处,这点给定目前使用研究与开发开支的会计政策很重要。在市场参与者能够决定实现的益处并且能够预期这些益处在未来持续的情况下,他们将应用会计收益数字来评价目前的研究与开发。本项研究应用截面的数据来估计两个方程的递归方程组:一个用于收益,一个用于评价。收益方程把收益与记录的资产
Summary and Introduction This article examines whether the reported accounting earnings reflect the benefits from previous research and development expenditures. If so, apply these benefits to estimate the investment value of research and development. The question is how to obtain the realized research and development benefits from the income statement figures, which is important given the current accounting policies that use research and development expenditures. In the event that market participants can determine the benefits of realization and can expect these benefits to continue in the future, they will apply the accounting revenue figures to evaluate current research and development. This study uses cross-sectional data to estimate the recursive equations for two equations: one for returns and one for evaluation. Revenue equations put revenue and recorded assets