The stock market valuation of research and development expenditures
By: Louis K.C. Chan, Josef Lakonishok, Theodore Sougiannis.
Contributors: Lakonishok, Josef.; Sougiannis, Theodore.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 7223; Working paper series (National Bureau of Economic Research) -- working paper no. 7223.
Publisher: National Bureau of Economic Research
Published: 1999
Place of publication: Cambridge, MA
Language: eng
Number of pages: 31
Subjects: Business enterprises -- Valuation -- United States.; Stocks -- Prices -- United States.; Intangible property -- Valuation -- United States.; Research, Industrial -- Economic aspects -- United States.; Technological innovations -- Economic aspects -- United States.
Notes: "July 1999."

JEL no. G12, G14.

Includes bibliographical references (p. 30-31)

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