R&D SPENDING VALUE EFFECT RESEARCH OF CHINA’S LISTED MANUFACTURING COMPANIES
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
Through studying the impact of R&D expenditure on the market value of firms according to the data of manufacturing-listed companies in Shanghai and Shenzhen A stock market from 2001 to 2014, we find that the R&D expenditure of manufacturing-listed companies shows a positive correlation with the market value. Meanwhile, R&D expenditure can generate better value effect in smaller firms. The value effect from R&D expenditure in private enterprises is greater than that in state-owned enterprises
Authors and Affiliations
Wanhao Zhang, Xiding Chen
Keywords
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- EP ID EP412793
- DOI 10.26480/icemi.01.2017.139.141
- Views 62
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