文章基本信息

标题：The Persistence and Market Reaction of R&D Investment
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作者：Jinsu, Kim ; Gee-Jung, Kwon
期刊名称：International Journal of Business and Management
印刷版ISSN：1833-3850
电子版ISSN：1833-8119
出版年度：2011
卷号：6
期号：4
页码：100
DOI：10.5539/ijbm.v6n4p100
出版社：Canadian Center of Science and Education
摘要：The study investigates the value relevance of R&D investment and the reactions of investors in Korean stock
markets over the period of 2001-2008. This paper examines whether R&D investment is associated with equity
value and whether the information of R&D investment is truly reflected on the Korean stock markets. Consistent
with the hypothesis and prior researches, the empirical results of this paper documents that R&D investment is
significantly related to the market value of equity and Korean investors quickly recognize the implication of
R&D investment information.