Are Investor Reactions to R&D Influenced by the Corporate Headquarter's Location?

Are Investor Reactions to R&D Influenced by the Corporate Headquarter's Location? This study provides evidence that investors react differently to R&D (line item) information according to the disclosure regimes of a firm's headquarters-country. The stock market response is significantly lower for R&D information from code law countries (continental Europe) than for common law countries (such as Britain). http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Quantitative Finance and Accounting Springer Journals

Are Investor Reactions to R&D Influenced by the Corporate Headquarter's Location?

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2002 by Kluwer Academic Publishers
Subject
Finance; Corporate Finance; Accounting/Auditing; Econometrics; Operation Research/Decision Theory
ISSN
0924-865X
eISSN
1573-7179
D.O.I.
10.1023/A:1013883126643
Publisher site
See Article on Publisher Site

Abstract

This study provides evidence that investors react differently to R&D (line item) information according to the disclosure regimes of a firm's headquarters-country. The stock market response is significantly lower for R&D information from code law countries (continental Europe) than for common law countries (such as Britain).

Journal

Review of Quantitative Finance and AccountingSpringer Journals

Published: Oct 13, 2004

References

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