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Value Relevance of R&D Expenditure before and After Ifrs Mandatory Implementation: Evidence From France.


Hasna Chaibi , Lilia Louihek , Mounira Hamed ,

Download Full PDF Pages: 69-83 | Views: 366 | Downloads: 110 | DOI: 10.5281/zenodo.3464864

Volume 5 - August 2016 (08)


the adoption of International Accounting Standards (IAS/IFRS) by an important and growing number of countries is one of the most important changes in the international accounting field. In France, there is a real change in the firm’s accounting practice related to the intangibles, and in particular accounting treatment for research and development 5 R&D) costs, following the adoption of international standards since January 2005. Consequently, the aim of our research is to analyze the impact of the adoption of International Accounting Standards (IAS/IFRS) on the value relevance of R&D expenditures based on a sample of 36 French companies (SBF120). The main results indicate that adopting IAS/IFRS did not affect the value relevance of expended R&D, whereas, applying the international standards positively affects the value relevance of capitalized R&D


capitalized R&D; expensed R&D; IFRS; value relevance


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