Can R&D Expenditures Affect Firm Market Value? An Empirical Analysis of a Panel of European Listed Firms

Andi Duqi and Giuseppe Torluccio

Chapter 10 in Bank Performance, Risk and Firm Financing, 2011, pp 215-241 from Palgrave Macmillan

Abstract: Abstract The market valuation of R&D expenditures or, in a more general context, the valuation of intangibles is a particularly interesting issue for researchers. Unfortunately, the evaluation of this type of investment is also difficult, and studies are divided on the methods of this process and its incorporation into stock prices.

Keywords: Stock Market; Large Firm; Abnormal Return; Stock Prex; International Financial Reporting Standard (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-31387-3_11

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DOI: 10.1057/9780230313873_11

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