Signalling, Disclosure And The Implications Of Financial Structure For Uk Corporate R&D
- Resource Type
- Article
- Authors
- Seaton, Jonathan; Walker, Ian
- Source
- Economics of Innovation and New Technology; January 1997, Vol. 5 Issue: 1 p75-90, 16p
- Subject
- Language
- ISSN
- 10438599; 14768364
This paper investigates the impact of R&D disclosure and finance variables on the level of R&D expenditures. The question addressed is: what is the impact of changes in disclosure requirements on the relationship between R&D expenditure and the financing of firms? The question is motivated by the possible signalling role that elective disclosure may have had prior to changes in accounting practices to ensure R&D disclosure.