In this paper we have developed a dynamic analysis of a firm under-taking research and development (R&D) investment, physical capital accumulation and utilization, along with labor requirement decisio

NBER1983-11-01 更新70

The Effect of Takeover Activity on Corporate Research and Development

企业并购影响

药物研发投资分析

It is widely thought that increases in corporate mergers and acquisitions of the sort which the United States has experienced in the recent past lead to a reduction in such long term investment activi

NBER1987-03-01 更新90

Growth Options and Firm Valuation

公司估值建模

药物研发投资分析

This paper studies the relation between firm value and a firm's growth options. We find strong empirical evidence that (average) Tobin's Q increases with firm-level volatility. The significance mainly

NBER2013-02-01 更新80