| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Liang, Woan-lih | en_US |
| dc.creator (作者) | Liang, Woan-lih | en_US |
| dc.creator (作者) | Wang, Yanzhi | en_US |
| dc.date (日期) | 2013 | |
| dc.date.accessioned | 11-Jun-2018 17:36:23 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:36:23 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:36:23 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117557 | - |
| dc.description.abstract (摘要) | We examine how research and development (R&D) incoming spillovers affect long-run firm performance following firms’ R&D increases. We use a stochastic frontier production method to capture R&D incoming spillover effects. Firms reaping more benefits from R&D investment made by other firms experience more improvement in profitability and more favorable long-run stock performance in the post-R&D-increase period. Firms with higher levels of R&D incoming spillovers recruit more key employees from other firms, suggesting that obtaining know-how through hiring is an important source of incoming spillovers. The evidence also shows that firms experiencing more R&D outgoing spillover effects tend to underinvest in R&D. | en_US |
| dc.format.extent | 230769 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Financial and Quantitative Analysis, Vol.48, No.5, pp.1607-1634 | zh_TW |
| dc.title (題名) | R&D Spillover Effects and Firm Performance Following R&D Increases | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1017/S0022109013000574 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1017/S0022109013000574 | |
