R&D Reporting Biases and Their Consequences

By Baruch Lev, B. Sarath, Theodore Sougiannis. 2005

326 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/403ecbb86df138c97167a8fc7a181b6094ff84cd

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Citations in the corpus

The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis (2013, unknown): “29 The result is consistent with Li (2010) that find conservatism increases cash flows from financing, and enhances future cash flow from operations.”
Clarifying the Effects of R&D on Performance: Evidence from the High Technology Industries (2011, background): “Lev et al. (2005) use data on US firms to show that past R&D expenditures have a significant positive effect on earnings.”
Innovative Efficiency and Stock Returns (2013, unknown): “…by its R&D capital [the 5-year cumulative R&D expenses assuming an annual depreciation rate of 20% as in Chan, Lakonishok, and Sougiannis (2001) and Lev, Sarath, and Sougiannis (2005)] in fiscal year ending in year t 2: Patentsi,t= R&Di,t22þ0:8nR&Di,t23þ0:6nR&Di,t24 þ0:4nR&Di,t25þ0:2nR&Di,t26 ,…”
Capitalization of R&D and the Informativeness of Stock Prices (2007, background): “This is consistent with Skinner (1993), who finds that larger firms tend to use income decreasing accounting methods, and with Lev et al. (2005), and Beaver and Ryan (2000), who show that for early life cycle firms, measured profitability is higher under capitalization, which might explain their…”
Technological links and predictable returns (2019, unknown): “21 Hirshleifer, Hsu, and Li (2013) report that a strategy based on slow price adjustment to innovative efficiency is more pronounced for small firms.”
Product market competition and conditional conservatism (2014, unknown): “Panel A involves the sample for which we construct the two industry concentration variables, PMC1(Sale) and PMC2(Sale). Panel B involves the sample for which we construct two dimensions of product market competition, EXISTCOMP and POTENT-COMP, based on Li (2010). With respect to Panel A, the average”