Thi, Tami Dinh; Schultze, Wolfgang - In: Metrika 22 (2011) 3, pp. 241-278
This paper studies the role of the accrual process for providing value relevant information on intangibles. Expensing research & development (R&D) expenditures is, by nature, equivalent to cash accounting. Prior studies have found that accrual information has superior explanatory power for...