Association between Research Development Cost and Stock Prices:A Test of the life cycle hypothesis(The Empirical for Taiwan Stock Market)
碩士 === 國立彰化師範大學 === 商業教育學系 === 89 === The objective of this paper is to investigate whether market response to research and development expense (hereafter R&D) is a function of firm life cycle stages. We hypothesize that response coefficients of firms’ R&D decrease from the growth to the st...
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Format: | Others |
Language: | zh-TW |
Published: |
2001
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Online Access: | http://ndltd.ncl.edu.tw/handle/37848920252630305792 |