Off-Balance Sheet R&D Assets and Market Liquidity

Posted: 18 Nov 2003

See all articles by Jeff P. Boone

Jeff P. Boone

University of Texas at San Antonio - Department of Accounting

K. K. Raman

The University of Texas at San Antonio

Abstract

In this study, we document the information asymmetry effects associated with off-balance sheet (unrecorded) R&D assets using a market microstructure methodology. Collectively, the evidence suggests that a potential harm (lower market liquidity) is associated with the current accounting treatment of R&D spending.

JEL Classification: M4

Suggested Citation

Boone, Jeff P. and Raman, K. K., Off-Balance Sheet R&D Assets and Market Liquidity. Journal of Accounting and Public Policy, Vol. 20, No. 2, Summer 2001. Available at SSRN: https://ssrn.com/abstract=463042

Jeff P. Boone

University of Texas at San Antonio - Department of Accounting ( email )

One UTSA Circle
San Antonio, TX 78249
United States

K. K. Raman (Contact Author)

The University of Texas at San Antonio ( email )

One UTSA Circle
San Antonio, TX 78249
United States
210-458-8749 (Phone)

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