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How does the financial environment affect the stock market valuation of R&D spending?

✍ Scribed by G. Geoffrey Booth; Juha Junttila; Juha-Pekka Kallunki; Markku Rahiala; Petri Sahlström


Book ID
113710503
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
180 KB
Volume
15
Category
Article
ISSN
1042-9573

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