When Do Firms Voluntarily Disclose Qualitative Information about R&D Projects? PDF Download

Author: Sharon D. James
Publisher:
ISBN:
Category :
Languages : en
Pages : 228

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Author: Sharon D. James
Publisher:
ISBN: 9781109884166
Category :
Languages : en
Pages : 110

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Author: Denise A. Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Disclosures about R&D activities could potentially help market participants understand the future prospects of R&D intensive firms, but at the same time could be costly to make if the disclosure is related to proprietary information. I examine R&D-related disclosures made by R&D intensive firms in their annual report, as well as throughout the year to financial analysts. I find that the level of R&D-related voluntary disclosure is higher when proprietary costs are lower and when the book to market ratio is lower, perhaps because the basic financial statements are less informative about market value. In addition, after controlling for the level of general disclosure and forward looking disclosure, I find a negative relation between disclosures about development stage R&D and both analysts' one-year-ahead sales forecast error and dispersion. This is consistent with disclosures about development stage R&D reducing analyst uncertainty about one-year-ahead sales. I find mixed evidence about earnings forecasts. A higher level of disclosure about both R&D projects in progress and development stage R&D is associated with less error in analysts' one-year-ahead earnings forecasts. However, I find no evidence of a relation between R&D-related disclosure and the dispersion in one-year-ahead earnings forecasts.

Author: Patrick Roy
Publisher: diplom.de
ISBN: 3832448292
Category : Business & Economics
Languages : en
Pages : 141

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Abstract: In a first step, this ERP derives the theoretical necessity to provide voluntary strategic and non-financial Information. It is argued that companies are an integral part of a common environment and society, acting in a framework of interdependent relationships. A company is more and more seen as a community of interests of different groups, and it can only act in an optimal way if the demands of all groups are taken into account and its behaviour is adjusted accordingly. In this context, interest groups' demands for company Information depend an the possibilities of improvements in decision making or monitoring that arise with its use, which in turn is mainly determined by the potential of Information to reduce uncertainty in the areas of interest. For external decision-makers, uncertainty often arises from sources about which conservative company statements provide little insight. Due to the traditional, finance-oriented concept of disclosure, this is particularly true for strategic and non-financial aspects. Related additional Information that is voluntarily provided can considerably reduce uncertainty, even more so as part of audited statements. Conventional financial reporting and existing disclosure requirements will generally not nearly satisfy those information needs of user groups. Any economic action, though, should only be taken if related benefits are exceeding related costs. This priority of economicalness also holds for companies' production, processing and disclosure of Information. Therefore, it is necessary to consider as detailed as possible potential opportunities and disadvantages for voluntarily disclosing company Information both an and outside capital markets. This is done in a second major part of the present work. First, voluntary disclosure can potentially affect share prices and thereby the market value of the firm, markets not being strong-form efficient. So, by giving company Information, a higher market value can directly be induced, thereby potentially lowering the cost of capital which, for example, improves the company's competitive position in the battle for cheap additional financing. [...]

Author: David Silverman
Publisher: SAGE
ISBN: 1529771277
Category : Social Science
Languages : en
Pages : 731

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Need practical advice on how to do your first qualitative research project? This book will guide you through each step of the research process: from brainstorming ideas and working with your supervisor to navigating the field to writing up your results. Driven by examples from other students’ projects, the book features discussions on translating social problems into research topics, collecting data in the wake of a pandemic, and guidance from Qualitative Data Analysis Software expert Christian Schmieder to help you summarise, categorise, and review qualitative data. A new chapter on how much data you need answers the age-old question: ‘how many interviews or case studies are enough?’ It also includes: - Articles and websites to build your bibliography - Questions to test your knowledge - Videos from world-leading qualitative experts - Activities to dig deeper into key concepts and think critically about research - Lessons-learned discussions with other researchers - Exercises to help you choose the right path for your project. Key features: in addition to the online Silverman Workshops, the book includes top tips, end-of-chapter checklists to test your understanding, and annotated further reading so you can develop your knowledge further.

Author:
Publisher: Oxford University Press
ISBN: 019266350X
Category :
Languages : en
Pages : 696

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Author: Nils Niehues
Publisher: Nomos Verlag
ISBN: 3845292210
Category : Business & Economics
Languages : en
Pages : 210

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Die Studie richtet sich an Wissenschaftler, Regulierer, Standard Setter und Analysten von Umweltberichten, mit dem Ziel darzulegen, wie CO2-effiziente Unternehmen identifiziert werden können. In dem Buch werden die Herausforderungen und Voraussetzungen für die Analyse von CO2-Emissionen dargestellt. Es beinhaltet eine Übersicht zu dem regulativen Umfeld und den entsprechenden relevanten Berichtsstandards für die CO2-Berichterstattung. Unzulänglichkeiten in der aktuellen Forschung, insbesondere der "Pays-to-be-green-Literatur", werden analysiert und eine Forschungslücke, wie Umweltberichte interpretiert werden können, identifiziert. Die Schwachstellen der derzeitigen Umweltberichterstattung werden mit Hilfe von Experteninterviews aufgezeigt. Eine zweite anschließende empirische Studie zeigt mit Hilfe des CDP-Datensatz der Berichtsjahre 2010 bis 2015 die empirische Relevanz dieser Berichtsschwachstellen.

Author: Academy of Management
Publisher:
ISBN:
Category : Industrial management
Languages : en
Pages : 988

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Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 614

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Author: Kıymet Tunca Çalıyurt
Publisher: Springer Nature
ISBN: 9813366362
Category : Business & Economics
Languages : en
Pages : 344

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This book continues the discussion on recent developments relating to ethical and sustainable issues in accounting and finance from the book , Volumes I and II, looking into topics such as the importance of good governance in accounting, tax, auditing and fraud examination, ethics, sustainability, environmental issues and new technologies and their effects on accounting and finance, focusing in particular on environmental and sustainability reporting in the oil and gas and banking sectors. The book also considers the growing importance of audit quality in this time of the COVID-19 pandemic.