References (40)


Citations (16)



Accounting for Intangibles - A Critical Review of Policy Recommendations

Douglas J. Skinner

The University of Chicago - Booth School of Business

December 2007

I review and critically evaluate the arguments in favor of reforming current accounting and disclosure practices related to intangibles. I argue that the case for reform is actually rather weak. Proponents of reform provide little cogent evidence in support of claims that current practice is having adverse capital market effects. In fact, theory and evidence from corporate finance suggest that capital markets perform well in financing investments in innovative, high-technology activities. I discuss why mandating additional disclosure in this area is unlikely to be successful and that proposals to recognize intangibles are also flawed. In my view, private incentives are likely to be the most successful way of encouraging disclosure on intangibles, which means that little needs to be done on the part of accounting standard-setters.

Number of Pages in PDF File: 39

Keywords: Intangibles, Policy Recommendations, Disclosure

JEL Classification: M41

Open PDF in Browser Download This Paper

Date posted: January 6, 2008  

Suggested Citation

Skinner, Douglas J., Accounting for Intangibles - A Critical Review of Policy Recommendations (December 2007). Available at SSRN: http://ssrn.com/abstract=1080572 or http://dx.doi.org/10.2139/ssrn.1080572

Contact Information

Douglas J. Skinner (Contact Author)
The University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-7137 (Phone)

Chicago Booth School of Business Logo

Feedback to SSRN

Paper statistics
Abstract Views: 3,847
Downloads: 1,191
Download Rank: 11,729
References:  40
Citations:  16
Paper comments
No comments have been made on this paper

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 0.282 seconds