| dc.contributor | 會計評論 | - |
| dc.creator (作者) | 陳家慧 | - |
| dc.creator (作者) | Chen, Chia-Hui | - |
| dc.creator (作者) | 蔡柳卿 | - |
| dc.creator (作者) | Tsai, Liu-Ching | - |
| dc.creator (作者) | 楊朝旭 | - |
| dc.creator (作者) | Young, Chaur-Shiuh | - |
| dc.creator (作者) | 許慧雯 | - |
| dc.creator (作者) | Hsu, Hui-Wen | - |
| dc.date (日期) | 2019-01 | - |
| dc.date.accessioned | 2-Apr-2019 09:06:46 (UTC+8) | - |
| dc.date.available | 2-Apr-2019 09:06:46 (UTC+8) | - |
| dc.date.issued (上傳時間) | 2-Apr-2019 09:06:46 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/122833 | - |
| dc.description.abstract (摘要) | Prior studies show that immediate expensing of R&D expenditures creates R&D underinvestment problems. In contrast, from data on firms listed in the U.S. software industry for 2001 to 2011, we provide evidence that R&D capitalization is positively associated with R&D overinvestment. This evidence sheds light on one kind of agency problem- R&D overinvestment- caused by R&D capitalization decisions and, in turn, provides implications for investors and regulators in assessing the consequences of R&D capitalization. Moreover, we examine the effect of executive equity-based compensation on mitigating such agency problem. Our results support that executive equity-based compensation serves as an important mechanism to alleviate R&D overinvestment problems driven by R&D capitalization. This evidence is of value to firms` compensation committees in designing executive compensation structures to motivate managers` R&D investment decisions from long-term perspectives. We finally conduct additional tests to ensure that our empirical results are robust to potential endogeneity concerns and competing explanations. | - |
| dc.description.abstract (摘要) | 軟體業研發資本化與研發過度投資之關聯性：論管理者權益薪酬之影響 | - |
| dc.format.extent | 480197 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | 會計評論, 68, pp.1-37 | - |
| dc.subject (關鍵詞) | R&D Expenditures; R&D Capitalization; Overinvestment; Executive Equity-Based Compensation | - |
| dc.subject (關鍵詞) | 研發支出;研發資本化;過度投資;管理者權益薪酬 | - |
| dc.title (題名) | Relationship between R&D Capitalization and R&D Overinvestment in the Software Industry: The Effect of Executive Equity-Based Compensation | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.6552/JOAR.201901_(68).0001 | - |
| dc.doi.uri (DOI) | https://doi.org/10.6552/JOAR.201901_(68).0001 | - |
