R&D Expenditures are 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 > Capital IQ > North America > Fundamentals Annual
- Next, choose your dates and enter your company in Company Code.
- Under Variable Types, scroll down to XRD - Research and Development Expense.
- Select 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 1972-2021.
Datastream (available in the Financial Room of IESE’s Barcelona Library as well as at the Madrid Library, through LSEG Workspace). Lookup Worldscope data item WC01201 - Research and Development Expenses.
A company's research and development (R&D) expenditures are typically reported in the income statement, which can be found in several resources including, but not limited, to:
- Orbis (under Financials > Global Ratios: R&D expenses / Operating revenue (%))
- Capital IQ (under Financial/Valuation > Income statetement > R & D Exp.)
- PitchBook (under Financials > Income Statements: Research and Development Expenses)
- LSEG Workspace (formerly Refinitiv Workspace) (under Financials > Income Statement: Research & Development Expense)
Go to U.S. Securities and Exchange Commission for SEC Filings.
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.
