The Effect of Disclosure Level of Research and Development on Profitability : Evidence from Technology Industry

Anne. J., & Jeanjean, T., (2006). The negative impact of research and development capitalization: a value relevance approach. European Accounting Review. 15(1), 37–61.

Ayaydin, H., & Karaaslan, I. (2014). The effect of research and development investment on firms’ financial performance: evidence from manufacturing firms In Turkey. Bilgi Ekonomisi Ve Yönetimi Dergisi. 9(2), 43-59.

Balata, P. & Breton, G. (2005). Narratives versus numbers in the annual report: are they giving the same message to investors?. Review of Accounting and Finance. 4(3), 5-25.

Basso, L., Feitosa, E., Bido, D., & Kimura, H. (2013). The existence and disclosure of Intangibles versus corporate financial performance in France. Proceedings of the international conference on intellectual capital. Knowledge management & organizational learning, Washington, DC, USA. 63-73.

Basta, M., & Bertilsson, R. (2009). Innovation and internal reporting of Intellectual capital an empirical study. Retrieved February 11, 2022, from https://gupea.ub.gu.se/bitstream/gupea_2077208911.pdf

Bhojraj, S., & Sengupta, P. (2003). Effect of corporate governance on bond ratings and yields: The role of institutional investors and outside directors. The Journal of Business. 76(3), 455-475.

Bischoff, C., & Christiansen, F. J. (2017). Political Parties and Innovation. Public Management Review. 19(1), 74-89.

Bong H. H., & David M. (2004). The value-relevance of R&D and advertising expenditures: Evidence from Korea. The International Journal of Accounting. 39(2), 155-173.

Bosworth, D., & Rogers, M. (2001). Market value, R&D and intellectual property: an empirical analysis of large Australian firms. Economic Record. 77(239), 323-337.

Botosan, C. A. (1997). Disclosure level and the cost of equity capital. The Accounting Review. 72(3), 323-349.

Bouaziz, Z. (2016). The impact of R&D expenses on firm performance: empirical witness from the best technology index. Journal of Business Theory and Practice. 4(1), 51.

Bozzolan, S., Favotto, F., & Ricceri, F. (2003). Italian annual intellectual capital disclosure: an empirical analysis. Journal of Intellectual Capital. 4(4), 543-558.

Bravo, F., Trombetta, M., & Abad, U. (2010). Disclosure theories and disclosure measures. Revist a Espanola- de Financiering Contabilidad. 39(147), 393-420.

Brennan, N. (2001). Reporting intellectual capital in annual reports: evidence from Ireland. Accounting, Auditing & Accountability Journal. 14(4), 423-436.

Choorat, P., & Jiajanpong, A. (2022). The Adaptation of Thailand's Northeastern Local Media Toward Business Survival and News Services in The Digital Age. The Journal of Social Communication Innovation. 10(1), 85-86.

Cordazzo, M. (2007). Intangibles and Italian IPO prospectuses: a disclosure analysis. Journal of Intellectual Capital. 8(2), 288-305.

Cuozzo, B., Dumay, J., Palmaccio, M., & Lombardi, R. (2017). Intellectual capital disclosure: a structured literature review. Journal of Intellectual Capital. 18(1), 9-28.

Enache, L., & Hussainey, K., (2020). The substitutive relation between voluntary disclosure and corporate governance in their effects on firm performance, Review of Quantitative Finance and Accounting. 54(2), 413-445.

Fortune, A., & Shelton, L. (2012). R&D Effort, Effectiveness and Firm Performance in the Pharmaceutical Sector. Journal of Business and Management. 18(1), 97-115.

Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston: Pitman

Freihat, A. R. F., & Kanakriyah, R. (2017). Impact of R&D expenditure on financial performance: Jordanian evidence. European journal of Business and Management. 9(32), 73-83.

Garcia-Meca, E., Parra, I., Martinez, I., & Larran, M. (2005). The explanatory factors of intellectual capital disclosure to financial analysts. European Accounting Review. 14(1), 63-94.

García-Valderrama, T., Mulero-Mendigorri, E. & Revuelta-Bordoy, D. (2008). A Balanced Scorecard framework for R&D. European Journal of Innovation Management. 11(2), 241–281.

Ghaffar, A., & Khan. A. (2014). Impact of research and development on firm performance. International Journal of Accounting and Financial Reporting. 4(1), 356-367.

Growe G., DeBruine M., Lee J. Y., & Tudón Maldonado J. F. (2014). The profitability and performance measurement of U.S. regional banks using the predictive focus of the ‘fundamental analysis research’. In Epstein M. J., & Lee J. Y. (Eds.), Advances in management accounting. Advances in Management Accounting. 24, 189-237.

Guthrie, J., & Petty, R. (2000), The Annual Reporting of Intellectual Capital in Australia’s Largest Companies. Australian CPA.

Hair Jr, J. F., Howard, M. C., & Nitzl, C. (2020). Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. Journal of Business Research. 109, 101-110.

Heijnen, P., & Van der Made, A. (2012). A signaling theory of consumer boycotts. Journal of Environmental Economics and Management. 63(3), 404-418.

Ho, L. P., & Taylor, G. (2013). Corporate governance and different types of voluntary disclosure: Evidence from Malaysian listed firms. Pacific Accounting Review.25(1), 10-11.

Hottenrott, H., & Lopes-Bento, C. (2016). R&D Partnerships and innovation performance: can there be too much of a good thing?. Journal of Product Innovation Management. 3(6), 773-794.

Hyeog U. K. & Jungsoo P. (2018). R&D, foreign ownership, and corporate groups: Evidence from Japanese firms. Research Policy. 47(2), 428-439.

Jeanjean, T., (2006). The negative impact of R&D capitalization: a value relevance approach. European Accounting Review. 15(1), 37-61.

Jensen, M.C., & Meckling, W.H. (1976) Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics. 3, 305-360.

Jones, D. A. (2007). Voluntary disclosure in R&D-intensive industries. Contemporary Accounting Research. 24(2), 489–522.

Kaplan, R.S., & Norton, D.P. (1996). Strategic learning & the balanced scorecard. Strategy & Leadership. 24(5),18-24.

Karjalainen. P. (2006). R&D investments: The effects of different financial environments on firm profitability. Journal of Multinational Financial Management. 8(12), 79-196.

Kumpirarusk, P., & Rohitratana, K. (2018). Industry 4.0: Future Industries of Thailand. WMS Journal of Management. 7(3), 52–64.

Lazar, S. (2016). Determinants of firm performance: evidence from Romanian listed companies. Review of Economic and Business Studies. 9(1), 53-69.

Le, Q. (2018). Bakance Scorecard Integration: An Approach to Measure Overall R&D Performance. ProQuest Dissertations and Theses.

Lim-U-sanno, K. (2021). The effects of company characteristics on R&D disclosure of listed companies in stock exchange of Thailand. Academy of Strategic Management Journal. 20(3). 1-8.

Lucia, L., & Panggabean, R. (2017). The effect of firm's characteristic and corporate governance to sustainability report disclosure. Social Economics and Ecology International Journal. 2(1), 18–28.

Mishra R. (2018). Influence of Research and Development (R&D) cost on profitability: A study of Indian pharmaceutical sector. Journal of Economics and Finance. 9(2), 63-68.

Mondal, P., & Sarkar, C. S. (2020). Impact of Research and Development Investment on Firms’ Profitability: A Study on Selected Automobile Companies in India. International Journal of Multidisciplinary Studies. 1(V), 9-18.

Nekhili, M., Chakroun, H., & Chtioui, T. (2016). Women's leadership and firm performance: Family versus nonfamily firms. Journal of Business Ethics. 153(2), 291-. 316.

Nigri, G., & Baldo, M.D. (2018). Sustainability reporting and performance measurement systems: How do small-and medium sized benefit corporations manage integration?. Sustainability. 10(4499), 1-17.

Nord, L. (2011). R&D investment link to profitability: a pharmaceutical industry evaluation. Undergraduate Economic Review. 8(1), 25-57.

Penman, S. H., & Zhang, X. J. (2002). Accounting conservatism, the quality of earnings, and stock returns. The Accounting Review. 77(2), 237-264.

Perez, R. G. (2004). Factores explicativos de la revelación voluntaria de información sobre fuentes de ventaja competitiva empresarial. Revista Española de Financiación y Contabilidad. 23(122), 705-739.

Robb, S. W. G., & Single, L. E., & Zarzeski, M. T. (2001). Nonfinancial disclosures across Anglo-America countries. Journal of International Accounting. 10(1), 71-83.

Salawu, R.O. (2014). Determinants of Working Capital Management: Case of Nigerian Manufacturing Firms. Journal of Economics and Sustainable Development. 5(14), 49-56.

Shehata, N. (2014). Theories and determinants of voluntary disclosure. Accounting and Finance Research. 3(1), 18-26.

Suttipun, M., & Saefu, S. (2017). Investigation of sufficiency economy philosophy reporting in Thailand. DLSU Business & Economics Review. 26(2), 53-65.

Thailand Federation of Accounting Professions (TFAC). (2022). TFRS 38 financial instruments. Retrieved December 13, 2022, from https://www.tfac.or.th/upload/9414/a5rsT5U51f.pdf.

The Accounting Standards Board of the Australian Accounting Research Foundation (AARF) (1983). Accounting for research and development costs. Retrieved December 10, 2022, from https://www.aasb.gov.au/admin/file/content102/c3/ACCPS1_8-93.pdf

The Eurostat Manuals and guidelines in ESA. (2010). Manual on measuring research and development in ESA 2010. Retrieved December 10, 2022, from https://ec.europa.eu/eurostat/web/products-manuals-and-guidelines/-/ks-gq-14-004.

The OECD. (2020). Research and development (R&D). Retrieved April 27, 2023, from https://www.oecd-ilibrary.org/industry-and-services/research-and-development-r-d/indicator-group/english_09614029-en.

Xie, J., Liu, R., Luttrell, J., & Zhang, C. (2019). Deep learning-based analysis of histopathological images of breast cancer. Frontiers in Genetics. 10(80), 1-19.

Zheng, S.X., & Stangeland, D.A. (2007). IPO Underpricing, firm quality, and analyst forecasts. Financial Management. 36(2), 45-64.