Is R &D risky?
Abstract
Research summary : Many studies use research and development ( R & D) intensity or R & D spending as a proxy for risk taking, but we have little evidence that either associates positively with firm risk. We analyze the relations between R & D intensity ( R & D spending to sales) and R & D spending on the one hand and 11 different indicators of firm risk on the other, using data from 1,907 to 3,908 firms in various industries...
Paper Details
Title
Is R &D risky?
Published Date
May 2, 2016
Journal
Volume
38
Issue
4
Pages
876 - 891
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