Signalling,Disclosure And The Implications Of Financial Structure For Uk Corporate R&D ? |
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| Authors: | Jonathan S Seaton Ian Walker |
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| Institution: | 1. Department of Economics , University, of Loughborough , Loughbough, LEI1 3TU, Leics;2. Department of Economics , Keele University Keele , Stuffs, ST5 5BGKeele |
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| Abstract: | This paper investigates the impact of R&D disclosure and finance variables on the level of R&D expenditures. The question addressed is: what is the impact of changes in disclosure requirements on the relationship between R&D expenditure and the financing of firms? The question is motivated by the possible signalling role that elective disclosure may have had prior to changes in accounting practices to ensure R&D disclosure. |
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| Keywords: | R& D credit market failure disclosure J E L Classification: G31 G32 G32 G33 of a sample of large UK quoted companies |
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