Title of article
The returns to R&D in Tobin q models and the option value of future R&D
Author/Authors
Derek Bosworth، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
6
From page
439
To page
444
Abstract
This paper argues that the Tobin q literature under-estimates the R&D stock used by investors in calculating market values, and significantly over-estimates the returns to R&D—thereby questioning the conclusion that there is private under-investment in R&D.
Keywords
R&D , Market value
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
435075
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