CAJ | 학술논문

新会计准则提倡研发支出有条件资本化，从政策层面释放了企业研发的热情，而这项政策是否在现实中产生预期效应是一个值得探讨的问题。以新会计准则允许部分研发支出进行资本化处理为切入点，以沪深两市2009—2013年高科技上市公司为样本，在产品市场与资本市场分别检验它们对研发支出资本化的反应情况。研究发现，研发资本化对企业在产品市场和资本市场的表现均有正向影响，证实研发支出资本化的积极效用。为研发支出资本化的初始尝试研究是企业有效应用会计准则以实现企业管理目标的方法探索，也为政府通过会计准则的制定与修改引导企业行为提供思路。
신회계준칙제창연발지출유조건자본화，종정책층면석방료기업연발적열정，이저항정책시부재현실중산생예기효응시일개치득탐토적문제。이신회계준칙윤허부분연발지출진행자본화처리위절입점，이호심량시2009—2013년고과기상시공사위양본，재산품시장여자본시장분별검험타문대연발지출자본화적반응정황。연구발현，연발자본화대기업재산품시장화자본시장적표현균유정향영향，증실연발지출자본화적적겁효용。위연발지출자본화적초시상시연구시기업유효응용회계준칙이실현기업관리목표적방법탐색，야위정부통과회계준칙적제정여수개인도기업행위제공사로。
The new accounting standards advocate the conditional capitalization of R&D expenditures,which releases the enterprise’s enthusiasm of R&D from the aspect of policy. And it is a further study that whether there will be an expected effect from the policy in reality. The paper takes it as the topic,starting with the conditional capitalization of R&D expendi-tures according to the new accounting standards,making high-tech companies listed in Shanghai and Shenzhen as samples from 2009 to 201 3,testing the reacts of the product and capital markets by capitalization of R&D expenditures. From the study we find that the capitalization of R&D expenditures has a positive impact on enterprises both in the product market and capital market,which confirms the positive effects of the capitalization on R&D expenditures. This paper makes an ini-tial study on the capitalization of R&D expenditures,which not only explores new methods that apply the accounting stand-ards to achieve management objectives for enterprises,but also provides ideas that formulate and revise the accounting standards to guide enterprises’behavior for government.