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Les déterminants de la stratégie de « capitalisation » des frais de recherche et développement en France

Author

Listed:
  • Yuan Ding

    (HEC School of Management (Paris))

  • Hervé Stolowy

    (HEC School of Management (Paris))

  • Michel Tenenhaus

    (HEC School of Management (Paris))

Abstract

(VF)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 utilisent cette possibilité. Nos résultats montrent que les sociétés qui « capitalisent » la R&D sont celles qui sont les plus « risquées », c’est-à-dire qui appartiennent au secteur de la haute technologie ou ont un coefficient bêta plus élevé.(VA) According to French accounting standards, companies have the possibility to capitalize their R&D expenses under certain conditions. By analyzing the annual reports of non-financial companies listed on the Paris stock exchange and included in the SBF250 index (annual reports 2000), we try to identify which firm characteristics can help predict this accounting choice. Our results provide evidence that companies capitalizing R&D are those belonging to hi-tech industries or having a high beta.

Suggested Citation

  • Yuan Ding & Hervé Stolowy & Michel Tenenhaus, 2004. "Les déterminants de la stratégie de « capitalisation » des frais de recherche et développement en France," Revue Finance Contrôle Stratégie, revues.org, vol. 7(4), pages 87-106, December.
    • Handle: RePEc:dij:revfcs:v:7:y:2004:i:q4:p:87-106
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    Cited by:

    1. Guillaume Dumas, 2012. "Le Comportement Myopique D'Investissement En R&D : Une Realite En France ?," Post-Print hal-00690955, HAL.
    2. Constant Djama & Guillaume Dumas & Isabelle Martinez, 2011. "L'innovation : une incitation à la gestion des résultats ?," Post-Print hal-00650418, 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.

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    More about this item

    Keywords

    France; R&D; capitalisation; immatériels; régression logistique; analyse factorielle; capitalization; intangibles; logistic regression; factor analysis;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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