{"title":"FASB, SEC和R&D","authors":"B. Horwitz, R. Kolodny","doi":"10.2307/3003521","DOIUrl":null,"url":null,"abstract":"In 1975 the Financial Accounting Standards Board and the Securities and Exchange Commission banned the deferral (capitalization) method of reporting R&D expenditures for financial statements. The prohibition against deferral mainly affected small companies. To determine whether there was any justification for a concern about the consequent reduction of R&D expenditures, the hypothesis of no decline was tested for a group of 43 small, high technology firms. The hypothesis was rejected. Additional evidence, in the form of responses to a survey of key financial officers of such firms, supports the finding of reduced R&D expenditures.","PeriodicalId":177728,"journal":{"name":"The Bell Journal of Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"30","resultStr":"{\"title\":\"The FASB, the SEC, and R&D\",\"authors\":\"B. Horwitz, R. Kolodny\",\"doi\":\"10.2307/3003521\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In 1975 the Financial Accounting Standards Board and the Securities and Exchange Commission banned the deferral (capitalization) method of reporting R&D expenditures for financial statements. The prohibition against deferral mainly affected small companies. To determine whether there was any justification for a concern about the consequent reduction of R&D expenditures, the hypothesis of no decline was tested for a group of 43 small, high technology firms. The hypothesis was rejected. Additional evidence, in the form of responses to a survey of key financial officers of such firms, supports the finding of reduced R&D expenditures.\",\"PeriodicalId\":177728,\"journal\":{\"name\":\"The Bell Journal of Economics\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"30\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Bell Journal of Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2307/3003521\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Bell Journal of Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2307/3003521","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
In 1975 the Financial Accounting Standards Board and the Securities and Exchange Commission banned the deferral (capitalization) method of reporting R&D expenditures for financial statements. The prohibition against deferral mainly affected small companies. To determine whether there was any justification for a concern about the consequent reduction of R&D expenditures, the hypothesis of no decline was tested for a group of 43 small, high technology firms. The hypothesis was rejected. Additional evidence, in the form of responses to a survey of key financial officers of such firms, supports the finding of reduced R&D expenditures.
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