Contemporary Accounting Research Vol. 24 No. 2 (Summer 2007) pp. 489â522 Â© CAAA Contemporary Accounting Research beyond the early stages of operations and are reporting operating proï¬ts. I examine three types of R&D-related disclosures â R&D spending, R&D projects in progress, and development-stage R&D. Because the primary analyses involve shortterm analystsâ forecasts, the informativeness of basic research is not investigated. Whether managers will choose to disclose detailed R&D-related information is unclear. Instead, a manager could attempt to reduce uncertainty about future operations through alternative disclosures, such as an earnings or a sales forecast. These have the beneï¬t of not providing speciï¬c information about the ï¬rmâs R&D activities to competitors. Therefore, I ï¬rst provide some descriptive information about what types of disclosures managers are making about R&D activities. I ï¬nd that all companies provide some information about R&D activities, although the majority of ï¬rms make descriptive disclosures only. Information on R&D projects in process tends to be descriptive in nature and is disclosed in both annual reports and nonannual report sources. In contrast, managers provide both numerical and descriptive information about development-stage R&D and the majority of this information is provided in nonannual report sources. I conclude that in
Contemporary Accounting Research – Wiley
Published: Jun 1, 2007
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