Indian Journal of Finance

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Status and Trend of R&D Disclosures: A Study of Selected Organizations in India


Affiliations
1 PG Student, School of Business Studies Punjab Agricultural University, Ludhiana - 141 027, Punjab, India
2 Associate Professor, School of Business Studies, Punjab Agricultural University, Ludhiana - 141 027, Punjab, India

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The present study was undertaken to explore the R&D activities of selected companies in India. An attempt has been made to find out variations relating to R&D activities among various sectors and companies. R&D activities for the purpose of this study included the amount of R&D expenditure as well as other R&D disclosures made in the annual reports of the companies. Content analysis was used for measuring qualitative disclosures. Five companies each from five sectors, namely, biotechnology, pharmaceuticals, information technology (IT), food, and fertilizers, with the period of analysis covering 10 years from 2002-03 to 2011-12, were included in the study. Results indicate that pharmaceuticals and biotechnology are the leading sectors for R&D intensity in India. Overall, a positive growth was observed for R&D activities across the board. Significant positive correlation was found between R&D expenditure and qualitative R&D disclosures.

Keywords

R&D, R&D Expenditure, R&D Intensity, Qualitative Disclosures, Research and Development

M11, M40, M41, M49

Paper Submission Date : December 12, 2013 ; Paper sent back for Revision : February 2, 2014 ; Paper Acceptance Date : April 15, 2014.

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  • Status and Trend of R&D Disclosures: A Study of Selected Organizations in India

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Authors

Neha Dhawan
PG Student, School of Business Studies Punjab Agricultural University, Ludhiana - 141 027, Punjab, India
Khushdeep Dharni
Associate Professor, School of Business Studies, Punjab Agricultural University, Ludhiana - 141 027, Punjab, India

Abstract


The present study was undertaken to explore the R&D activities of selected companies in India. An attempt has been made to find out variations relating to R&D activities among various sectors and companies. R&D activities for the purpose of this study included the amount of R&D expenditure as well as other R&D disclosures made in the annual reports of the companies. Content analysis was used for measuring qualitative disclosures. Five companies each from five sectors, namely, biotechnology, pharmaceuticals, information technology (IT), food, and fertilizers, with the period of analysis covering 10 years from 2002-03 to 2011-12, were included in the study. Results indicate that pharmaceuticals and biotechnology are the leading sectors for R&D intensity in India. Overall, a positive growth was observed for R&D activities across the board. Significant positive correlation was found between R&D expenditure and qualitative R&D disclosures.

Keywords


R&D, R&D Expenditure, R&D Intensity, Qualitative Disclosures, Research and Development

M11, M40, M41, M49

Paper Submission Date : December 12, 2013 ; Paper sent back for Revision : February 2, 2014 ; Paper Acceptance Date : April 15, 2014.




DOI: https://doi.org/10.17010/ijf%2F2014%2Fv8i6%2F71912