Thi, Tami Dinh; Schultze, Wolfgang - Universität <Augsburg> / Lehrstuhl für … - 2008
Numerous empirical studies provide evidence on the value relevance of capitalizing expenditures on intangibles such as research & development (Lev and Sougiannis 1996, Hand 2003). However, accounting standards in many countries, such as the U.S. or Germany, prohibit capitalizing these. In this...