The effect of R&D investment on firm value

被引：0

作者：

Zhang, GA ^{[1
]}

机构：

[1] Huazhong Univ Sci & Technol, Sch Management, Wuhan, Peoples R China

来源：

PROCEEDINGS OF THE 2001 INTERNATIONAL CONFERNECE ON MANAGEMENT SCIENCE & ENGINEERING | 2001年

关键词：

R&D investment; firm value; Option Tobin's q;

D O I：

暂无

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

The increase of R&D investment doesn't always lead to the addition of firm value. Based on the empirical studies of some people. the paper analyzes the opportunity of firm's growth with the around of Tobin's q and compares the essential characteristics of R&D investment and option investment. Furthermore, it introduces the possible kinds of option value that R&D investment brings about and then, discusses the empirical conclusions.

引用

页码：162 / 165

页数：4