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Determinants of R&D (Research and Development) disclosure in France
by Rihab Guidara; Younes Boujelbene
International Journal of Managerial and Financial Accounting (IJMFA), Vol. 8, No. 3/4, 2016


Abstract: The choice of disclosure mechanisms allows managers more discretion in controlling the type, the extent and the timing of disclosure. The R&D setting extends the scope of managerial discretion, since there are strong acceleration of innovation, high rate of R&D and a controversial accounting treatment of R&D debate which increase the need of investors to this information. This paper examines the strategy of communication on R&D activities after IFRS adoption. It attempts to know what makes firms disclose voluntary information about R&D activities. The study concerns all French R&D intensive companies for 5-year period from 2007 to 2011. It uses financial data from the Worldscope database and the information disclosed in annual reports. Results show that firm size, leverage, R&D intensity, and auditors' quality have a strong positive impact on R&D disclosure. These findings point out that R&D information disclosure is related to information asymmetry between investors and managers.

Online publication date: Wed, 25-Jan-2017


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