| dc.contributor | 財管系 | - |
| dc.creator (作者) | 湛可南 | - |
| dc.creator (作者) | Chan, Konan | - |
| dc.creator (作者) | Li, Mei-Xuan;Lin, Chu-Bin;Wang, Yanzhi | - |
| dc.date (日期) | 2022-07 | - |
| dc.date.accessioned | 26-May-2022 16:22:21 (UTC+8) | - |
| dc.date.available | 26-May-2022 16:22:21 (UTC+8) | - |
| dc.date.issued (上傳時間) | 26-May-2022 16:22:21 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/140172 | - |
| dc.description.abstract (摘要) | Previous studies document a strong organization capital effect in stock returns. We investigate whether and how research and development (R&D) activities affect this organization capital effect. We find that the organization capital effect is stronger in firms with R&D activities. The annual abnormal return of the hedge portfolio sorted by organization capital is 2.41% for R&D firms but only 0.41% for non-R&D firms. Further analyses show that the organization capital effect can be attributed to R&D characteristics rather than R&D risk factors. | - |
| dc.format.extent | 98 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Journal of Business Finance & Accounting, Vol.49, No.7-8, pp.1237-1263 | - |
| dc.subject (關鍵詞) | intangible assets; organization capital; R&D; stock return | - |
| dc.title (題名) | Organization capital effect in stock returns—The role of R&D | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1111/jbfa.12590 | - |
| dc.doi.uri (DOI) | https://doi.org/10.1111/jbfa.12590 | - |
