Elissavet Stergiaki

R&D Effect

• Broschiertes Buch

Produktbeschreibung

The last 20 years, it was observed an unprecedented growth of R&D investment in many developed economies. This growth of R&D investment provided an ideal opportunity for researchers to consider the relation between R&D expenditures and subsequent earnings and more specifically the reflection of the market stock price in the value of R&D investments. The purpose of the research is to study if the association between R&D expenditures and the market stock price is due to a systematic mispricing or due to other omitted risk factors and if the immediate expensing of R&D is conservative or aggressive, relative to reporting under R&D capitalization. For that purpose, a sample of IT, Pharmaceutical and Telecommunication firms listed on Athens Stock Exchange (ASE) has been selected. These firms have a complete monthly stock return history to provide unbiased connection between earnings changes and excess returns. Finally,it is important to examine how the adoption of Financial Reporting Standards (IFRS) affects R&D expenses.

Produktdetails

• Verlag: Scholar's Press
• Seitenzahl: 52
• Erscheinungstermin: 4. Februar 2016
• Englisch
• Abmessung: 220mm x 150mm x 4mm
• Gewicht: 96g
• ISBN-13: 9783639864410
• ISBN-10: 3639864417
• Artikelnr.: 44634086

Autorenporträt

Graduated from the department of Economics of the Aristotle University. She holds a master degree in Finance & Financial Information Systems from the University of Greenwich. She also holds a Ph.D thesis titled ¿IFRS and development of new accounting/financial technologies¿from the department of Applied Informatics of the University of Macedonia.