| 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) | Hung, Weifeng | en_US |
| dc.creator (作者) | Wang, Yanzhi | en_US |
| dc.date (日期) | 2014 | |
| dc.date.accessioned | 11-Jun-2018 17:59:15 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:59:15 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:59:15 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117567 | - |
| dc.description.abstract (摘要) | We examine how a firm`s research and development (R&D) increases affect its intra‐industry competitors in the long run. Consistent with the R&D spillover hypothesis, when a firm unexpectedly increases its R&D spending, its intra‐industry competitors experience improvements in operating performance and analyst forecast revisions and earn positive abnormal stock returns in the long run. The industry concentration, which is related to the firm`s strategic reaction, is crucial in determining the magnitude of the R&D spillover effect. | en_US |
| dc.format.extent | 176979 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Financial Review, Vol.49, No.4, pp.765-792 | zh_TW |
| dc.subject (關鍵詞) | R&D; spillover; intra-industry | en_US |
| dc.title (題名) | R&D Increases and Long‐Term Performance of Rivals | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1111/fire.12056 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1111/fire.12056 | |
