Firm size and the effect of R&D on Tobin's q

被引：136

作者：

Connolly, RA

Hirschey, M

机构：

[1] Univ N Carolina, UNC Kenan Flagler Business Sch, Chapel Hill, NC 27599 USA

[2] Univ Kansas, Sch Business, Lawrence, KS 66045 USA

来源：

R & D MANAGEMENT | 2005年 / 35卷 / 02期

关键词：

D O I：

10.1111/j.1467-9310.2005.00384.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Significant market value effects of research and development (RSD) are generally apparent, but aggregate evidence has the potential to obscure meaningful differences according to firm size. Consistent with findings reported by Chauvin and Hirschey (1993) for the late 1980s, valuation effects of RSD remain somewhat greater for larger as opposed to smaller firms.

引用

页码：217 / 223

页数：7

共 9 条

[1] The stock market valuation of research and development expenditures [J].