DIRECT AND INDIRECT VALUE RELEVANCE OF R&D CAPITALIZATION
| dc.contributor.author | Ertuğrul, Melik | |
| dc.date.accessioned | 2024-05-19T14:23:48Z | |
| dc.date.available | 2024-05-19T14:23:48Z | |
| dc.date.issued | 2020 | |
| dc.department | İstinye Üniversitesi | en_US |
| dc.description.abstract | The accounting treatment of R&D investments has been an open and contentious discussion as certainaccounting regimes eliminate capitalizing and require immediate expensing while capitalization of R&Dinvestments satisfying all necessary criteria is mandatory in IAS 38. By analysing a sample of listed firmson Borsa Istanbul over 2009-2018, we shed light on the impact of capitalized R&D investments on i)market values, and ii) the value relevance of book value of equity and earnings. We define the former(latter) as the direct (indirect) value relevance. By revealing a significantly positive association betweencapitalized R&D investments and market values, we conclude that capitalized R&D investments aredirectly value relevant. Furthermore, the value relevance of earnings (book value of equity) increases(remains unchanged) as capitalized R&D investments increase. These outcomes are consistent with ourexpectations and the outcome for earnings provides evidence for the indirect value relevance ofcapitalized R&D investments. | en_US |
| dc.identifier.endpage | 802 | en_US |
| dc.identifier.issn | 1303-5495 | |
| dc.identifier.issn | 2717-7483 | |
| dc.identifier.issue | 37 | en_US |
| dc.identifier.startpage | 781 | en_US |
| dc.identifier.trdizinid | 427402 | en_US |
| dc.identifier.uri | https://search.trdizin.gov.tr/yayin/detay/427402 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12713/4128 | |
| dc.identifier.volume | 19 | en_US |
| dc.indekslendigikaynak | TR-Dizin | en_US |
| dc.language.iso | en | en_US |
| dc.relation.ispartof | Istanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi | en_US |
| dc.relation.publicationcategory | Makale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.snmz | 20240519_ka | en_US |
| dc.title | DIRECT AND INDIRECT VALUE RELEVANCE OF R&D CAPITALIZATION | en_US |
| dc.type | Article | en_US |
