政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/117567

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 112721/143689 (78%)
Visitors : 49529322 Online Users : 870

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/117567

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/117567

Title:	R&D Increases and Long‐Term Performance of Rivals
Authors:	陳聖賢 Chen, Sheng-Syan Hung, Weifeng Wang, Yanzhi
Contributors:	財管系
Keywords:	R&D;spillover;intra-industry
Date:	2014
Issue Date:	2018-06-11 17:59:15 (UTC+8)
Abstract:	We examine how a firm`s research and development (R&D) increases affect its intra‐industry competitors in the long run. Consistent with the R&D spillover hypothesis, when a firm unexpectedly increases its R&D spending, its intra‐industry competitors experience improvements in operating performance and analyst forecast revisions and earn positive abnormal stock returns in the long run. The industry concentration, which is related to the firm`s strategic reaction, is crucial in determining the magnitude of the R&D spillover effect.
Relation:	Financial Review, Vol.49, No.4, pp.765-792
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/fire.12056
DOI:	10.1111/fire.12056
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
765792.pdf		172Kb	Adobe PDF2	382	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...