Real Effects of Intangibles Capitalization—Empirical Evidence from Voluntary IFRS Adoption in Japan
Real Effects of Intangibles Capitalization—Empirical Evidence from Voluntary IFRS Adoption in Japan
复制标题
DOI：
10.2308/jiar-19-539
复制
发表时间：
2020-08
影响因子：
1.2
通讯作者：
Y. Amano
中科院分区：
文献类型：
--
作者：
Y. Amano
本研究探讨了在日本自愿采用国际财务报告准则（IFRS）对企业行为的影响。IFRS扩大了无形资产资本化的范围。先前的研究表明，无形资产资本化是更大的无形资产的公司，它使他们能够增加无形投资的首选。本研究使用日本IFRS采用者的实证数据，分析企业的无形资产金额与自愿采用IFRS的关系。结果表明，（1）企业拥有的无形资产越多，它们采用IFRS的可能性就越大，（2）一旦企业决定采用IFRS，它们的无形资产与相应的非采用者相比就会增加。进一步的分析表明，这一增长部分归因于采用《国际财务报告准则》后合并和收购的数量和价值增加，表明采用者的真实的行动发生了变化。
This study examines how firm behaviors are affected by the voluntary adoption of International Financial Reporting Standards (IFRS) in Japan, which has expanded the scope for the capitalization of intangible assets compared with the Japanese Generally Accepted Accounting Principles. Prior research suggests that capitalization of intangibles is preferred by firms with larger intangibles and that it enables them to increase intangible investments. Using empirical data from Japanese IFRS adopters, this study analyzes the relationship between firms' intangible asset amounts and their voluntary adoption of IFRS. The results show that (1) the more intangibles firms possess, the more likely they are to adopt IFRS, and (2) once firms decide to adopt IFRS, their intangible assets increase compared with matched non-adopters. Additional analysis shows that this increase is partly attributable to an increased volume and value of mergers and acquisitions after IFRS adoption, suggesting that the real actions of the adopters changed.