R&D intensity within corporate Australia : Evidence from large ASX-listed entities

Journal article

Ciro, Tony, Terzioglu, Bülend and Lam, Ian. (2022). R&D intensity within corporate Australia : Evidence from large ASX-listed entities. Australian Tax Forum. 37(4), pp. 601-624.
AuthorsCiro, Tony, Terzioglu, Bülend and Lam, Ian
Abstract

The article undertakes an empirical study that explores the reporting and disclosure of research and development (R&D) expenditure during the 2020 financial year. The aim of the article is to provide empirical evidence of a link between tax incentives and R&D activity within corporate Australia. The scope of the study is confined to Australia's top 300 ASX/S&P-listed entities within the 2020 financial year. Large-listed entities within the ASX/S&P 300 were chosen since they are the most R&D-active firms within corporate Australia. Our study concluded that R&D activity and intensity does exist within corporate Australia and is highly correlated with overall firm profitability and firm value. The finding is consistent with other international studies that reported a strong correlation between R&D intensity and market capitalisation and earnings.

Year2022
JournalAustralian Tax Forum
Journal citation37 (4), pp. 601-624
PublisherThe Tax Institute
ISSN0812-695X
Web address (URL)https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=bth&AN=161596073&site=ehost-live&scope=site&custid=s5501413
Page range601-624
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Online2022
Publication process dates
Accepted17 Oct 2022
Deposited09 Nov 2023
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