Signalling, Disclosure And The Implications Of Financial Structure For Uk Corporate R&D∗
- 1 January 1997
- journal article
- research article
- Published by Taylor & Francis in Economics of Innovation and New Technology
- Vol. 5 (1) , 75-90
- https://doi.org/10.1080/10438599700000008
Abstract
This paper investigates the impact of R&D disclosure and finance variables on the level of R&D expenditures. The question addressed is: what is the impact of changes in disclosure requirements on the relationship between R&D expenditure and the financing of firms? The question is motivated by the possible signalling role that elective disclosure may have had prior to changes in accounting practices to ensure R&D disclosure.Keywords
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