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" Capitalisation " Des Frais De R&D En France : Determinants Et Pertinence

Author

Listed:
  • Yuan Ding

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • Hervé Stolowy

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

Abstract

Selon les règles comptables françaises, les sociétés ont la possibilité de " capitaliser " leurs frais de R&D sous certaines conditions. En analysant les rapports annuels 2000 des sociétés non financières appartenant à l'indice SBF 250, nous avons tenté de comprendre pourquoi certaines sociétés françaises " capitalisent " leurs frais de R&D. Nos résultats montrent que les sociétés qui " capitalisent " la R&D sont celles qui sont cotées uniquement sur le marché boursier français, qui appartiennent au secteur de la haute technologie et qui ont un risque Bêta plus élevé. Nous avons également testé l'hypothèse selon laquelle la décision de " capitaliser " la R&D améliore la pertinence des chiffres comptables par rapport à la valeur de marché. Notre analyse de régression linéaire ne fournit pas de résultats probants dans ce sens. Ceci confirme les particularités dans la diffusion des informations financières sur le marché français en raison d'un modèle de gouvernement d'entreprise diffèrent de celui en vigueur dans le monde anglo-saxon.

Suggested Citation

  • Yuan Ding & Hervé Stolowy, 2003. "" Capitalisation " Des Frais De R&D En France : Determinants Et Pertinence," Post-Print halshs-00582768, HAL.
    • Handle: RePEc:hal:journl:halshs-00582768
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00582768
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Souha Charfi-Laadhar, 2006. "Analyse empirique des facteurs explicatifs de la décision d'activation des dépenses de recherche et développement : Cas des entreprises françaises," Post-Print halshs-00558439, HAL.
    2. Salma Loulou & Mohamed Triki, 2008. "Déterminants et pertinence de l'activation des dépenses de recherche & développement dans le contexte des entreprises françaises," Post-Print halshs-00525992, HAL.
    3. Rihab Guidara & Younes Boujelbene, 2014. "R&D-Based Earnings Management and Accounting Performance Motivation," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 81-93, April.
    4. repec:dau:papers:123456789/1151 is not listed on IDEAS
    5. repec:hur:ijaraf:v:4:y:2014:i:2:p:85-97 is not listed on IDEAS
    6. Cazavan-Jeny , Anne & Jeanjean, Thomas, 2003. "Value Relevance of R&D Reporting : A Signaling Interpretation," ESSEC Working Papers DR 03021, ESSEC Research Center, ESSEC Business School.
    7. Souha Charfi-Laadhar, 2006. "Analyse empirique des facteurs explicatifs de la décision d'activation des dépenses de recherche et développement : Cas des entreprises françaises," Post-Print halshs-00558369, HAL.
    8. Dominique Dufour & Ahmed Zemzem, 2005. "Activation des frais de R&D : le cas des entreprises françaises cotées sur le Nouveau Marché," Post-Print halshs-00581187, HAL.
    9. Inès Bouden, 2005. "L'Identification Des Incorporels Lors Des Regroupements D'Entreprises : Une Etude Exploratoire Du Marche Financier Français," Post-Print halshs-00581132, HAL.

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