The Impact of Accounting Measuring and Disclosing of Innovation on Firm Value: International Evidence | ||
| مجلة الاسکندرية للبحوث المحاسبية | ||
| Article 15, Volume 9, Issue 2, May 2025, Pages 161-190 PDF (1.11 M) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/aljalexu.2025.429696 | ||
| Authors | ||
| Marwa Rabe Mohamed Ali Elkmash1; Sherif Nagy Mohamed2 | ||
| 1Lecturer of Accounting Faculty of Management Sciences - October University for Modern Sciences and Arts | ||
| 2Lecturer of Accounting, Faculty of Politics, Economics and Business, May University in Cairo | ||
| Abstract | ||
| Research objective: The aim of this research is to measure the impact of firm capabilities of innovation (Licenses, Intellectual Property, Copyrights, and R&D) on firm value. Research methodology: This research uses a sample of Communication and Information Technologies (CIT) firms in Egypt stock exchange and CIT firms in London Stock Exchange. Innovation as an independent variable is measured using licenses, copyrights, intellectual property, and R&D and firm value as a dependent variable is measured by Tobin's Q. Research results: Firm value is correlated positively with license, intellectual property, and R&D at a significant acceptable level. However, this impact is greater in UK than in Egypt. On contrast, the impact of copyrights on firm value in UK is less than in Egypt. The impact of firm capabilities of innovation as a whole (License, Intellectual Property, Copyrights, and R&D) on the firm's value on London Stock Exchange is higher than the impact on the Egyptian Stock Exchange. This result supports the capability-based theory, which argues the importance of investing in intangible assets. Originality and value: This research contributes to directing the attention of managers to the importance of developing innovation capabilities to ensure the highest firm value. | ||
| Keywords | ||
| Innovation; Intangible Assets; Firm Value; Accounting Measuring; Accounting Disclosure | ||
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