기술경영경제학회:학술대회논문집 (Proceedings of the Technology Innovation Conference)
- 기술경영경제학회 1996년도 제10회 동계학술발표회 논문집
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- Pages.63-76
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- 1996
연구개발비에 대한 회계정책 결정요인 분석
Determinants of Accounting Policy for R & D Costs
초록
This study investigates the factors determining accounting method for R & D costs (capitalize vs. expense) in Korea. Using agency theory and other economic factors, probit and regression models have been developed to distinguish between firms choosing different accounting alternatives for R&D costs. The results are consistent to debt contract, R&D burden and regulation hypotheses both in probit and regression analysis. The size variable has opposite sign in univariate t-test and probit analysis but the signs are mixed and insignificant in regression which may be due to the differences of political environment between Korea and the US. Generally, the results are consistent to those of previous research. The results support the hypothesis that firms with higher leverage and larger burden of R&D costs are more likely to capitalize R&D costs. Partially, larger and regulated firms are more likely to expense R & D costs.
키워드