The Impact of SFAS No. 2 on Firm Expenditures on Research and Development: Replications and Extensions
直接检验了1974年FASB第2号准则（要求研发支出费用化）是否导致企业削减研发支出，通过分析实际数据变化而非间接推断，对管理者决策影响研究有参考价值。
An important focus of recent empirical research is the impact of mandatory financial reporting standards on managements' decisions. The existence of an effect is typically established indirectly by (1) testing for either a change in (usually) one or more of the parameters of the distribution of affected firms' security returns, (2) questioning managers about specific actions taken in response to a mandated accounting change, or (3) in rare cases, by directly examining whether changes took place in the impacted variable(s). The present research applies the third approach to the FASB's mandated requirements for accounting for research and development. In 1974, the FASB issued Statement of Financial Accounting Standard No. 2: Accounting for Research and Development Costs (hereafter SFAS 2) which requires companies to expense research and development (R&D) outlays in the year incurred. The management of many of the firms which were then capitalizing R&D, asserted that this change in accounting method would necessitate reductions in their outlays on R&D.