We review the accounting literature on innovation, focusing on the economic attributes of innovation that collectively differentiate innovation from other assets: novelty, nonrivalry, and partial excludability. These attributes help innovation drive economic growth but create unique information-based challenges that accounting information and researchers are well suited to address. We discuss the definition and measurement of innovation and highlight common mistakes researchers make when measuring innovation and when using sources of plausibly exogenous variation. We then review the accounting literatures on the disclosure, management, financial reporting, taxation, and contracting and financing of innovation. For each of these literatures we identify challenges and opportunities for future research.

中文翻译：

---

衡量创新并驾驭其独特的信息问题：关于创新的会计文献综述


我们回顾了有关创新的会计文献，重点关注创新的经济属性，这些属性共同区分了创新与其他资产：新颖性、非竞争性和部分排他性。这些属性有助于创新推动经济增长，但也带来了独特的基于信息的挑战，会计信息和研究人员非常适合应对这些挑战。我们讨论了创新的定义和衡量，并强调了研究人员在衡量创新和使用合理的外生变异来源时常犯的常见错误。然后，我们回顾了有关创新披露、管理、财务报告、税收以及合同和融资的会计文献。对于这些文献中的每一个，我们都确定了未来研究的挑战和机遇。