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Presentations at an Academic or Professional conference (2003)

Value Relevance of R&D Accounting Treatment: A French Perspective

JENY Anne, JEANJEAN Thomas

French context provides and experimental field for studying the value of relevance of R&D capitalization, because both accounting treatments of R&D costs are allowed. Given this context, we examine the value relevance of R&D accounting treatment using two approaches and find that capitalized R&D bears useful information to investors in regards to stock returns and stock prices.

JENY, A. and JEANJEAN, T. (2003). Value Relevance of R&D Accounting Treatment: A French Perspective.