Discussion of intangible investment and the importance of firm-specific factors in the determination of earnings

• 成果类型: Editorial Material
• 署名作者: Roulstone, Darren T.
• 署名单位: University System of Ohio; Ohio State University
• 刊物名称: REVIEW OF ACCOUNTING STUDIES
• ISSN/ISSBN: 1380-6653
• DOI: 10.1007/s11142-011-9149-4
• 发表日期: 2011
• 页码: 574-586
• 关键词: industry; INFORMATION; MARKETS

摘要

Brown and Kimbrough (Review of Accounting Studies, 2011, this issue) examine the effect of intangible assets on the uniqueness of a firm's earnings. The paper represents an important link between the strategy literature on firm organization and the accounting literature on the drivers of firm performance. This discussion reviews the relevant strategy literature and its link to the accounting literature, discusses various aspects of Brown and Kimbrough, and explores implications of Brown and Kimbrough's findings.