R&D information quality and stock returns
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DOI: 10.1016/j.finmar.2020.100599
Abstract: Abstract Investors demand higher premiums from firms whose future R&D performance is difficult to evaluate. We construct a measure of R&D information quality (RDIQ) by linking a firm's historical innovation input (R&D expenditures) and innovation… read more here.
Keywords: information; information quality; rdiq; stock returns ... See more keywords