The Stock Market Valuation of Research and Development Expenditures
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We examine whether stock prices fully reflect the value of firms' intangible assets, focusing on research and development (R&D). Since intangible assets are not reported on financial statements under current U.S. accounting standards and R&D spending is expensed, the valuation problem may be
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美国国家经济研究局创建时间：
1999-07-01
