Accounting recognition of intangible assets: theory and evidence on economic determinants

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dc.contributor.author Wyatt, Anne en_US
dc.contributor.editor en_US
dc.date.accessioned 2012-02-02T11:03:31Z
dc.date.available 2012-02-02T11:03:31Z
dc.date.issued 2005 en_US
dc.identifier 2007003660 en_US
dc.identifier.citation Wyatt Anne 2005, 'Accounting recognition of intangible assets: theory and evidence on economic determinants', American Accounting Association, vol. 80, no. 3, pp. 967-1003. en_US
dc.identifier.issn 0001-4826 en_US
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/15845
dc.description.abstract This paper examines the extent to which management makes accounting choices to record intangible assets based on their insights into the underlying economics of their firm. It exploits a setting in which management has accounting discretion to record a wide range of intangible assets. The results suggest that management's choice to record intangible assets is associated with the strength of the technology affecting the firms operations, the length of the technology cycle time, and property- rights-related factors that affect the firm's ability to appropriate the investment benefits. These effects are more important than other contracting and signaling factors consistent with the underlying economics operating as a first-order effect as envisaged by GAAP. The results also indicate that the intangible assets management has a voluntary (unregulated) choice to record?identifiable intangible assets?are more highly correlated with underlying economic factors than the regulated classes, purchased goodwill and R&D assets. This result suggests that limiting managements' choices to record intangible assets tends to reduce, rather than improve, the quality of the balance sheet and investors' information set. en_US
dc.language en_US
dc.publisher American Accounting Association en_US
dc.relation.isbasedon en_US
dc.relation.isbasedon http://dx.doi.org/10.2308/accr.2005.80.3.967 en_US
dc.title Accounting recognition of intangible assets: theory and evidence on economic determinants en_US
dc.parent The Accounting Review en_US
dc.journal.volume 80 en_US
dc.journal.number 3 en_US
dc.publocation Sarasota, USA en_US
dc.identifier.startpage 967 en_US
dc.identifier.endpage 1003 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150100 en_US
dc.personcode 100288 en_US
dc.percentage 100 en_US
dc.classification.name Accounting, Auditing and Accountability en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords technology; property rights; intangible assets; financial reporting. en_US
dc.staffid en_US
dc.staffid 100288 en_US


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