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dc.contributor.authorEscaffre, Lionel
dc.contributor.authorRamond, Olivier
dc.contributor.authorCasta, Jean-François
dc.date.accessioned2012-09-18T14:23:01Z
dc.date.available2012-09-18T14:23:01Z
dc.date.issued2008
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/10047
dc.language.isoenen
dc.subjectIntangiblesen
dc.subjectGoodwillen
dc.subjectR&Den
dc.subjectRecognitionen
dc.subjectDomestic GAAPsen
dc.subjectUsefulnessen
dc.subjectRelevanceen
dc.subjectInformativenessen
dc.subjectFinancial Reportingen
dc.subjectEuropean Capital Marketsen
dc.subject.ddc657en
dc.subject.classificationjelG12en
dc.subject.classificationjelG31en
dc.subject.classificationjelM41en
dc.titleEconomic Properties of Recognized Intangibles under Domestic Accounting Standards: Evidence from European Capital Marketsen
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherUniversité d'Angers;France
dc.description.abstractenThis study investigates whether European firms reporting under domestic GAAPs exhibit major differences while examining the relationship between their economic (financial, operating and competitive) performance and their recognized intangible investment (RII). Using a five-European-country sample including listed firms from UK, Germany, France, Italy and Spain, over the pre-IFRS compliance period 1993-2004, we first provide evidence that, under any domestic GAAPs, investors adopt a short-term perspective or "myopic view" while constructing their portfolios by penalizing firms with high RII. Secondly, contrary to the resource-based view, our results suggest that RII do not underpin better competitive position inside a specific industrial. Finally, our findings clearly support the idea that EU continental accounting standards, while opposed to Anglo-Saxon settings, ease the relationship existing between RII and firm operating performance. This last result would suggest that IAS adoption could lead to disconnect operating margins from RII and subsequently challenge the widespread claim that IAS help produce higher-quality reporting about a firms' operating activities.en
dc.identifier.citationpages45en
dc.identifier.urlsitehttp://halshs.archives-ouvertes.fr/halshs-00681592en
dc.subject.ddclabelContrôle de gestion Comptabilitéen
dc.relation.conftitleThe Illinois International Accounting Symposiumen
dc.relation.confdate2008-06
dc.relation.confcityWarsawen
dc.relation.confcountryPologneen
dc.relation.forthcomingnonen


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