THE MARKET REWARDS PROMISING R&D—AND PUNISHES THE REST

Abstract

Journal of Applied Corporate FinanceVolume 5, Issue 2 p. 59-66 THE MARKET REWARDS PROMISING R&D—AND PUNISHES THE REST Su H. Chan, Su H. Chan Associate Professor of Finance at California State University at Fullerton.Search for more papers by this authorJohn W. Kensinger, John W. Kensinger Associate Professor of Finance at University of North Texas.Search for more papers by this authorJohn D. Martin, John D. Martin Margaret and Eugene McDermott Centennial Professor of Banking and Finance at the University of Texas in Austin. For complete technical details about the statistical procedures we used to develop the evidence discussed here, see our earlier article, “Corporate Research and Development Expenditures and Share Value,”Journal of Financial Economics Vol. 26 (1990), pp. 255–276.Search for more papers by this author Su H. Chan, Su H. Chan Associate Professor of Finance at California State University at Fullerton.Search for more papers by this authorJohn W. Kensinger, John W. Kensinger Associate Professor of Finance at University of North Texas.Search for more papers by this authorJohn D. Martin, John D. Martin Margaret and Eugene McDermott Centennial Professor of Banking and Finance at the University of Texas in Austin. For complete technical details about the statistical procedures we used to develop the evidence discussed here, see our earlier article, “Corporate Research and Development Expenditures and Share Value,”Journal of Financial Economics Vol. 26 (1990), pp. 255–276.Search for more papers by this author First published: Summer 1992 https://doi.org/10.1111/j.1745-6622.1992.tb00490.xCitations: 21 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume5, Issue2Summer 1992Pages 59-66 RelatedInformation