Dowdell, Thomas D.; Lim, Steve C.; Press, Eric - In: Journal of Business Finance & Accounting 36 (2009-06) 5-6, pp. 531-551
Prior research documents that US firms write off large in-process research and development charges (IPRD) for acquisitions, possibly overstating the current period expense to inflate future earnings. Consequently, in 1998, the US Securities and Exchange Commission (SEC) began scrutinizing IPRD...