Research on the Relationship between R&D Textual Disclosure and Profitability

DOI

10.2991/sschd-18.2019.74How to use a DOI?

Keywords

Textual Disclosure, R&D, Profitability.

Abstract

This paper examines how profitability relates to corporate textual R&D disclosure decisions. Using the fixed-effects regression model, we conclude that the number of textual R&D disclosures is negatively correlated with the profitability of the firm. Companies with less profitability are more likely to publish more textual R&D disclosures to divert or confuse investors. In contrast, companies with better profitability will not publish too many textual R&D disclosures because there is no need to distract investors.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jin-Feng CHENG
AU  - Ji-Xin ZHAO
PY  - 2019/01
DA  - 2019/01
TI  - Research on the Relationship between R&D Textual Disclosure and Profitability
BT  - Proceedings of the 4th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2018)
PB  - Atlantis Press
SP  - 405
EP  - 410
SN  - 2352-5398
UR  - https://doi.org/10.2991/sschd-18.2019.74
DO  - 10.2991/sschd-18.2019.74
ID  - CHENG2019/01
ER  -