Segmental identification of research and development costs in investment decisions by the Greek banking sector Online publication date: Wed, 03-May-2006
by Panayiotis Tahinakis, Dimitrios Ginoglou, Nikolaos Protogeros
International Journal of Financial Services Management (IJFSM), Vol. 1, No. 2/3, 2006
Abstract: The growth and expansion of firms into foreign markets have resulted in the aggregation of financial information that includes non-homogeneous elements. This paper seeks to investigate the difficulties of reporting on segments of a business. Emphasis will be laid on analysing the existing accounting recognition and measurement difficulties deriving from reporting research and development (R&D) expenditures in the light of investment decisions by the Greek banking sector. In conclusion, this study indicates that there are accounting and auditing problems of defined, measured and disclosed R&D to users of financial statements. Despite these difficulties, the importance of R&D expenditures will increase, as the capital market grows and there is a constant need to supply reliable accounting information.
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