R&D资本化在提高财务报表的作用

摘 要

研究开发支出在财务报表中应该如何计量和披露一直倍受争议，中外学术界对这个问题的研究也没有定论，有的支持完全费用化，有的支持完全资本化，有的支持一定条件下的资本化(部分资本化)。我国从2007年开始实行新的企业会计准则，将研究开发支出的费用化改为有条件的资本化，本文选用新会计准则实施后（2008-2010）的沪深两市上市公司数据，采用Ohlson模型，研究研发开发支出会计处理方式对财务报表有用性的影响，研究结果表明每股资本化的开发支出与公司股价负相关，而每股资本化的开发支出与每股盈余及每股账面净资产的交叉变量与公司股价正相关，实证证明了研发费用资本化确实提高了财务报表的决策有用性（价值相关性）。

关键词：研发费用资本化   Ohlson模型   有用性
Is R&D Capitalization Improving the Usefulness of Financial Statement?

 
ABSTRACT

The measurement and disclosure of R&D expense has long been a controversial issue among accounting scholars both domestic and abroad, some are in favor of fully expensed, some are supporting totally capitalized and others are compromised to capitalized under certain circumustance.The new Accounting Code (2007) dictate that R&D expense should be capitalized if certain conditions can be met instead of fully expensed before. The article uses the data from the Chinese listed companies (2008-2010) to explore the effect of the new Code on the decision usefulness of financial statement using the Ohlson model. The result shows that R&D capitalization per share is negative correlated with price, the interaction between R&D capitalization per share and EPS and net asset per share is positive correlated., thus proving that R&D capitalization does improve the usefulness of financial statement.

Key words: R&D capitalization  Ohlson model  usefulness

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