Full metadata record
DC FieldValueLanguage
dc.contributor.authorChen, Sheng-Syanen_US
dc.contributor.authorChen, Yan-Shingen_US
dc.contributor.authorLiang, Woan-lihen_US
dc.contributor.authorWang, Yanzhien_US
dc.date.accessioned2014-12-08T15:36:11Z-
dc.date.available2014-12-08T15:36:11Z-
dc.date.issued2013-10-01en_US
dc.identifier.issn0022-1090en_US
dc.identifier.urihttp://dx.doi.org/10.1017/S0022109013000574en_US
dc.identifier.urihttp://hdl.handle.net/11536/24540-
dc.description.abstractWe examine how research and development (R&D) incoming spillovers affect long-run firm performance following firms\' R&D increases. We use a stochastic frontier production method to capture R&D incoming spillover effects. Firms reaping more benefits from R&D investment made by other firms experience more improvement in profitability and more favorable long-run stock performance in the post-R&D-increase period. Firms with higher levels of R&D incoming spillovers recruit more key employees from other firms, suggesting that obtaining know-how through hiring is an important source of incoming spillovers. The evidence also shows that firms experiencing more R&D outgoing spillover effects tend to underinvest in R&D.en_US
dc.language.isoen_USen_US
dc.titleR&D Spillover Effects and Firm Performance Following R&D Increasesen_US
dc.typeArticleen_US
dc.identifier.doi10.1017/S0022109013000574en_US
dc.identifier.journalJOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSISen_US
dc.citation.volume48en_US
dc.citation.issue5en_US
dc.citation.spage1607en_US
dc.citation.epage1634en_US
dc.contributor.department資訊管理與財務金融系 註:原資管所+財金所zh_TW
dc.contributor.departmentDepartment of Information Management and Financeen_US
dc.identifier.wosnumberWOS:000336519000010-
dc.citation.woscount0-
Appears in Collections:Articles


Files in This Item:

  1. 000336519000010.pdf