R&D Expenditures and Market Value of Biotechnology Firms

Piotr Chojnacki and Tomasz Kijek

Roczniki (Annals), 2014, vol. 2014, issue 6

Abstract: The aim of this paper is to conduct an analysis of R&D investments and their impact on a biotechnology firm’s value. The sample consists of the top 52 R&D investors from the European biotechnology sector. The data were obtained from “EU Industrial R&D Investment Scoreboard”. The multiple linear regression was applied to find the answer to the research question. The main findings of the study reveal that there is a positive relationship between the firm’s investment in R&D and the market value.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/205355/files/16-6-Chojnacki.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:paaero:205355

DOI: 10.22004/ag.econ.205355

Access Statistics for this article

More articles in Roczniki (Annals) from Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().