{"title":"Are accounting choices for intangible assets informative or opportunistic? Evidence from Poland","authors":"Olga Grzybek","doi":"10.1016/j.intaccaudtax.2023.100549","DOIUrl":null,"url":null,"abstract":"<div><p>This study investigates accounting policy choices for intangible assets and their determinants within the framework of positive accounting theory (PAT). A composite income strategy measure of five accounting policies is calculated. Determinants of an income strategy are analyzed with a cross-sectional sample of 117 Polish-listed companies for the year 2018 in a setting that is highly susceptible to managerial opportunism. The results indicate firms use more income-increasing policies and emphasize that income strategy incentives differ depending on firms’ proportion of intangible resources measured by the market-to-book ratio. Contrary to the PAT hypotheses, accounting choices in firms with high market-to-book value do not seem self-serving. Instead, they are informative and correspond to the actual intangible value created by those companies. Moreover, common opportunistic incentives do not explain the accounting choices of low market-to-book value firms.</p></div>","PeriodicalId":53221,"journal":{"name":"Journal of International Accounting Auditing and Taxation","volume":null,"pages":null},"PeriodicalIF":3.3000,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Accounting Auditing and Taxation","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1061951823000289","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 1
Abstract
This study investigates accounting policy choices for intangible assets and their determinants within the framework of positive accounting theory (PAT). A composite income strategy measure of five accounting policies is calculated. Determinants of an income strategy are analyzed with a cross-sectional sample of 117 Polish-listed companies for the year 2018 in a setting that is highly susceptible to managerial opportunism. The results indicate firms use more income-increasing policies and emphasize that income strategy incentives differ depending on firms’ proportion of intangible resources measured by the market-to-book ratio. Contrary to the PAT hypotheses, accounting choices in firms with high market-to-book value do not seem self-serving. Instead, they are informative and correspond to the actual intangible value created by those companies. Moreover, common opportunistic incentives do not explain the accounting choices of low market-to-book value firms.
期刊介绍：
The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.
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