Skip to main content

Firm size and the effect of R&D on Tobin's q

Buy Article:

$48.00 plus tax (Refund Policy)

Abstract:

Significant market value effects of research and development (R&D) are generally apparent, but aggregate evidence has the potential to obscure meaningful differences according to firm size. Consistent with findings reported by Chauvin and Hirschey (1993) for the late 1980s, valuation effects of R&D remain somewhat greater for larger as opposed to smaller firms.

Document Type: Research Article

DOI: http://dx.doi.org/10.1111/j.1467-9310.2005.00384.x

Affiliations: 1: UNC Kenan-Flagler Business School, University of North Carolina-Chapel Hill, CB3490, McColl Building, Chapel Hill, NC 27599-3490, USA. , Email: connollr@kenan-flagler.unc.edu 2: School of Business, University of Kansas, 1300 Sunnyside Avenue, Lawrence, KS 66045-2003, USA. , Email: mhirschey@ku.edu

Publication date: March 1, 2005

bpl/radm/2005/00000035/00000002/art00009
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more