Empirical Study on the Impact of Separately Reporting R&D Expenses on Corporate Performance—From the Perspective of Information Disclosure Changes
Based on the background of the change in the disclosure position of R&D expenses in the 2018 income statement and the sample of A-share manufacturing listed companies in the Shanghai and Shenzhen stock markets from 2016 to 2020,this study empirically tests the impact of separately reporting R&D expenses on corporate performance from the perspective of information disclosure changes.Research has found that reporting R&D expenses separately does not have a significant impact on long-term market performance of enterprises,but has a certain promoting effect on short-term financial performance of enterprises.Further research has found that this impact is only significant in non-state-owned enterprises and non Big Four auditing enterprises,and has no significant impact on state-owned enterprises and four major auditing enterprises.
research and development expensesreport separatelyenterprise performanceinformation disclosure