연구개발비에 관한 회계처리방법이 기업가치에 미치는 영향

• 영문명: The Impact of the Korean R&D Accounting Rule Amendment upon the Value-Relevance of R&D Costs
• 발행기관: 동국대학교 경영연구원
• 저자명: 강인정(In Jung Kang) 김진선(Jinsun Kim)
• 간행물 정보: 『경영과 사례연구』제31권 제2호, 1~25쪽, 전체 25쪽
• 주제분류: 복합학 > 학제간연구
• 파일형태: PDF
• 발행일자: 2008.12.30

영문 초록

In 1999, Korea amended its accounting standards for R&D expenditures conservatively in accordance with the International Accounting Standards. This study examines the value-relevance of intangible expenditures such as R&D and advertizing expenditures based on the Ohlson s Model(1995). Value-relevance was inferred from the regression coefficients of standardized accounting variables of R&D and advertizing expenditures. The study examined a sample of 1,717 firm-year observations, which consists of listed firms on the Korea Stock Exchange for seven years from 2000 to 2006. Tests were conducted using regression models derived from Ohlson s Model. Empirical results indicate that R&D expenditures have significant value-relevance after the amendment of the R&D cost accounting rule in 1999. Results also indicate that advertising expenditures have significant value-relevance. Moreover, the value-relevance of capitalized R&D expenditures is higher than that of either fully or partially expended R&D expenditures. In contrast, the value-relevance of R&D and advertising expenditures is found to be onsistent for the entire sample but inconsistent, when an additional analysis is conducted for the subsamples of individual years.

목차

Ⅰ. 서론

Ⅱ. 연구의 배경

Ⅲ. 연구설계

Ⅳ. 실증분석 결과

Ⅴ. 요약 및 결론

참고문헌