R&D资本化选择动机与影响因素——来自高新技术行业的经验证据  

Motivation and Determents of R&D Capitalization Choice—Empirical Evidence from High-tech Industry

作　　者：李莉[1] 曲晓辉[2] 肖虹[2] 

机构地区：[1]厦门大学管理学院,福建厦门361005 [2]厦门大学会计发展研究中心,福建厦门361005

出　　处：《税务与经济》2012年第5期1-8,共8页Taxation and Economy

基　　金：国家自然科学基金面上项目(项目编号:70972113;70972112);教育部人文社会科学重点研究基地重大项目(项目编号:12JJD790030;10JJD630004);国家软科学基金项目(项目编号:2010GXS5D221)的阶段性成果

摘　　要：随着企业R&D投入的不断增长,R&D支出会计选择的经济后果变得重要。我国新会计准则由R&D费用化政策转为可选择的有条件资本化政策,面对会计政策的变迁,研究上市公司管理层R&D资本化选择的动机与影响因素成为首要问题。选取2007～2010年高新技术行业公司为样本,研究发现,大规模企业、国有控股公司、机构投资者持股比例越高的公司管理层倾向于选择资本化R&D政策,"四大"审计并未抑制R&D资本化,而债务融资约束不能解释R&D资本化选择动机。我国上市公司管理层选择资本化R&D会计政策既有提高和平滑利润的盈余管理动机,亦有向市场传递研发信号的动机。With the continuous growth of R＆D expenditure of many enterprises, the economic consequences of R＆D expenditure accounting choice is becoming more and more important. In China＇ s new accounting stand- ards, the policy of R＆D expenses is changed to the policy of capitalization which can be chosen with some condi- tions. With the changes of accounting policies, it is urgent to study the motivation and determinants of R＆D cap- italization choice of the management of the listed companies. In this paper, the high-tech industry from 2007 - 2010 is selected as the sample, and the study reveals that the large-scale enterprises, stated-owned holding com- panies, the management of some companies in which the investors hold more shares tend to choose capitalization R＆D policy, and the auditing of four large accounting companies don＇ t constrain R＆D capitalization, while the constraints of debt financing can not provide the reason for the motivation of R＆D capitalization choice. The capi- talized R＆D accounting policies chosen by the management of listed companies in China could not only improve and smooth earnings management, but give a research signal to the market.

关 键 词：R&D支出 资本化 会计选择 

分 类 号：F235.19[经济管理—会计学]