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: Sun, 29-Jan-2017

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Managerial and Financial Accounting (IJMFA):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com