On the Market Reaction to Capitalization of R&D Expenditures: Evidence from ChiNext
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DOI: 10.1080/1540496x.2019.1668769
Abstract: ABSTRACT Based on 2009–2016 ChiNext data, this paper studies the relation between a company’s R&D expenditure capitalization and its business performance and the external market response to this decision. We find that, the more a… read more here.
Keywords: capitalization; reaction capitalization; market reaction; evidence ... See more keywords