Cover Image

Corporate financial policy and R&D management, 2nd ed.

In this monograph, the financial determinants of corporate research and development (R&D) and the impact of these expenditures on stockholder wealth are examined. The reader is introduced to financial statements and ratios for decision making. A discussion of the sources and uses of funds an...

Full description

Saved in:
Bibliographic Details
Main Author: John B. Guerard JR.
Format: Book
Language:English
Published: John Wiley 2020
Subjects:
Finance
Online Access:http://dspace.uniten.edu.my/jspui/handle/123456789/15379
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uniten.dspace-15379
record_format dspace
spelling my.uniten.dspace-153792020-09-10T07:28:57Z Corporate financial policy and R&D management, 2nd ed. John B. Guerard JR. Finance In this monograph, the financial determinants of corporate research and development (R&D) and the impact of these expenditures on stockholder wealth are examined. The reader is introduced to financial statements and ratios for decision making. A discussion of the sources and uses of funds analysis leads to an econometric analysis of the interdependencies among the firm’s financial decisions, including the dividend, capital investment, R&D, and new debt issuance decisions. The establishment of the R&D decision as a financial decision leads one to ask how the marketplace values and assesses the firm’s R&D expenditures. A multifactor risk model analysis allows one to establish a statistically significant relationship between R&D expenditures and increases in stockholder wealth. R&D enhances stockholder wealth, particularly for larger capitalized firms. The author would like to thank several co-authors of studies that serve as the basis of several chapters in this text: Al Bean, formerly of Lehigh University, and Steven Andrews, of the Bureau of the Census, worked with the author on econometric modeling of the R&D decision; Andrew Mark, of GlobeFlex Capital Management, worked with the author on the R&D and stockholder wealth analysis; John Blin and Steve Bender of APT, a Wall Street firm specializing in risk management; Bernell Stone, of Brigham Young University; and Mustafa Gultekin, of the University of North Carolina. The author wishes to thank his wife, Julie, for her support, and his children, Richard, now off at college, Katherine, and Stephanie, for their support. The author acknowledges his parents, John and Dorothy, for their loving support. The author worked many weekend hours on this project, often chasing the kids off the computer on Sunday mornings and evenings to complete the project. 2020-09-10T07:28:57Z 2020-09-10T07:28:57Z 2005 Book http://dspace.uniten.edu.my/jspui/handle/123456789/15379 en John Wiley
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
language English
topic Finance
spellingShingle Finance
John B. Guerard JR.
Corporate financial policy and R&D management, 2nd ed.
description In this monograph, the financial determinants of corporate research and development (R&D) and the impact of these expenditures on stockholder wealth are examined. The reader is introduced to financial statements and ratios for decision making. A discussion of the sources and uses of funds analysis leads to an econometric analysis of the interdependencies among the firm’s financial decisions, including the dividend, capital investment, R&D, and new debt issuance decisions. The establishment of the R&D decision as a financial decision leads one to ask how the marketplace values and assesses the firm’s R&D expenditures. A multifactor risk model analysis allows one to establish a statistically significant relationship between R&D expenditures and increases in stockholder wealth. R&D enhances stockholder wealth, particularly for larger capitalized firms. The author would like to thank several co-authors of studies that serve as the basis of several chapters in this text: Al Bean, formerly of Lehigh University, and Steven Andrews, of the Bureau of the Census, worked with the author on econometric modeling of the R&D decision; Andrew Mark, of GlobeFlex Capital Management, worked with the author on the R&D and stockholder wealth analysis; John Blin and Steve Bender of APT, a Wall Street firm specializing in risk management; Bernell Stone, of Brigham Young University; and Mustafa Gultekin, of the University of North Carolina. The author wishes to thank his wife, Julie, for her support, and his children, Richard, now off at college, Katherine, and Stephanie, for their support. The author acknowledges his parents, John and Dorothy, for their loving support. The author worked many weekend hours on this project, often chasing the kids off the computer on Sunday mornings and evenings to complete the project.
format Book
author John B. Guerard JR.
author_facet John B. Guerard JR.
author_sort John B. Guerard JR.
title Corporate financial policy and R&D management, 2nd ed.
title_short Corporate financial policy and R&D management, 2nd ed.
title_full Corporate financial policy and R&D management, 2nd ed.
title_fullStr Corporate financial policy and R&D management, 2nd ed.
title_full_unstemmed Corporate financial policy and R&D management, 2nd ed.
title_sort corporate financial policy and r&d management, 2nd ed.
publisher John Wiley
publishDate 2020
url http://dspace.uniten.edu.my/jspui/handle/123456789/15379
_version_ 1680859870755028992
score 13.211869

Similar Items