연구개발비 투자규모와 회계정보 = Optimum R&D Investment Scale and Accounting Informations

국문 초록 (Abstract)

본 연구의 목적은 기업의 연구개발 집중도(intensity)와 가치관련성 측면에서 투자성향이 다른 첨단산업 기업과 비첨단산업 기업에 대한 연구개발비 자본화 수준의 분석을 통하여, 적정 연구개발 투자규모를 도출하는 것이다.
다양한 회귀모형의 분석으로부터, 첨단산업 기업과 비첨단산업 기업의 연구개발비 자본화 수준은 매출액 대비 4-6%와 2%로 각각 평가되었다.
따라서 IT, BT, 항공산업 등과 같은 첨단산업 기업들에 대한 연구개발비 자본화 수준이 제지제조, 식품산업 등과 같은 전통 제조 기업들에 비해 2배 이상 더 높은 것으로 나타났다.
그러므로 첨단산업의 기업들이 비첨단산업의 기업들에 비해 비교적 많은 연구개발 투자활동을 지속시키는 것이 바람직한 것으로 판단된다.

다국어 초록 (Multilingual Abstract)

This study aims to derive an optimum R&D investment scale through the analysis of R&D cost capitalization level for a high-tech firm and an old-economy firm which have different investment characteristics from the aspect of R&D intensity and value relevance for a firm.
From an analysis of various regression models, it was found that the capitalization level of R&D cost, of its sales, was evaluated as 4-6% for a high-tech firm and 2% for an old-economy firm, respectively.
Thus, the capitalization level of R&D cost for a high-tech firm such as in the IT, BT and aerospace industry, etc. was two times higher than a traditional manufacturer such as in the paper manufacture industry, food industry, etc.
Therefore, it can be concluded that maintaining more R & D investment for a high-tech firm than an old economy firm is more desirable.

목차 (Table of Contents)

• 〈국문초록〉
• 〈Abstract〉
• Ⅰ. 서론
• Ⅱ. 이론적 고찰
• Ⅲ. 연구 방법론
• Ⅳ. 실증분석 결과
• Ⅴ. 결론
• 참고문헌

참고문헌 (Reference)

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2 김정교, "연구개발비가 기업가치에 미치는 영향" 한국국제회계학회 (20) : 207-229, 2007

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11 Louis. K. C. Chan, "The Stock Market Valuation of Research and Development Expenditure" 6 : 2431-2456, 2001

12 K.C. Chan, Lakonishok, "The Stock Market Valuation of Research and Development Expenditure" 6 : 2431-2456, 2001

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