Establishing Legitimacy in Emerging Markets: An Empirical Comparison of the Warsaw, Budapest, and Prague Stock Exchanges

R&D and Tobin's q in an emerging financi

R&D and Tobin's q in an emerging financial market: the case of the Athens Stock Exchange

✍ Efstathios G. Parcharidis; Nikos C. Varsakelis 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 132 KB

## Abstract This paper aims at providing further evidence on the consequences of R&D investment on __Tobin's q__ for firms publicly traded in an emerging financial market. Panel data methodology is applied using data for the manufacturing and computer firms listed in the Athens Stock Exchange, a ma