THE TAX INSTITUTE 601 R&D intensity within corporate Australia: evidence from large ASXlisted entities
Source: Australian Tax Forum Journal Article
Published Date: 1 Dec 2022
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.
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Details
- Published By: Ian Lam, Bülend Terzioglu, Tony Ciro
- Published On:1 Dec 2022
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