Answered By: IESE Library
Last Updated: May 30, 2019     Views: 1139

R&D Expenditures is defined by WRDS as "All costs incurred during the year that relate to the development of new products or services."

Go to WRDS (you need to obtain your WRDS account):

  • Choose Compustat > North America
  • Choose Industrial Fundamentals Annual
  • Choose dates
  • Enter your company in Company Code
  • In Data items M-Z scroll down to XRD - Research and Development Expense
  • Submit Request

Also you can use Research Quotient via WRDS (you need to obtain your WRDS account). This database enables researchers to link R&D to firm growth and market value; derive optimal firm R&D spending; examine revenue generation from R&D and assess undervalued firms. Coverage from 1972-2010.

R&D expenditures are also typically reported in 10-K filings, which are accessible via ThomsonOne. Note: this resource only works in Internet Explorer.

  • Search for a company's name or ticker symbol in the top left corner. Then, via the top tool bar, navigate to Company Views > Filings > Company Filings.
  • There are links at the top of the page for the Latest Key Filings, including a 10-K, and you can search for historical filings using the Search Company Filings option on the same page.

Datastream (available in the Financial Room of IESE’s Barcelona Library as well as at the Madrid Library, through Eikon). Lookup Worldscope data item WC01201 - Research and Development Expenses.

In a company's Income Statement which can be found in Sabi and Orbis.

Go to U.S. Securities and Exchange Commission for SEC Filings. Alternatively, National Science Foundation.

The Economics of Industrial Research & Innovation (IRI) collects information on the top 1,000 EU companies and 1,000 non-EU companies investing the largest sums in R&D. See the following section: The EU Industrial R&D Investment Scoreboard.

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