메뉴 건너뛰기




Volumn 40, Issue 3, 1996, Pages 459-486

An empirical analysis of strategic competition and firm values: The case of R&D competition

Author keywords

Competitive strategy; Event study; R D; Strategic complements; Strategic substitutes

Indexed keywords


EID: 0030099666     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-405X(95)00853-7     Document Type: Article
Times cited : (142)

References (25)
  • 2
    • 0000488169 scopus 로고
    • Oligopoly and financial structure: The limited liability effect
    • Brander, James and Tracey Lewis, 1986, Oligopoly and financial structure: The limited liability effect, American Economic Review 76, 956-970.
    • (1986) American Economic Review , vol.76 , pp. 956-970
    • Brander, J.1    Lewis, T.2
  • 3
    • 84936526568 scopus 로고
    • Multimarket oligopoly: Strategic substitutes and complements
    • Bulow, Jeremy, John Geanakoplos, and Paul Klemperer, 1985, Multimarket oligopoly: Strategic substitutes and complements, Journal of Political Economy 93, 488-511.
    • (1985) Journal of Political Economy , vol.93 , pp. 488-511
    • Bulow, J.1    Geanakoplos, J.2    Klemperer, P.3
  • 4
    • 0001345660 scopus 로고
    • Corporate research and development expenditures and share value
    • Chan, Su Han, John Martin, and John Kensinger, 1990, Corporate research and development expenditures and share value, Journal of Financial Economics 26, 255-276.
    • (1990) Journal of Financial Economics , vol.26 , pp. 255-276
    • Chan, S.H.1    Martin, J.2    Kensinger, J.3
  • 7
    • 70350100712 scopus 로고
    • Empirical studies of innovation and market structure
    • R. Schmalensee and R.D. Willig, eds., Elsevier Science Inc., New York, NY
    • Cohen, Wesley and Richard Levin, 1989, Empirical studies of innovation and market structure, in: R. Schmalensee and R.D. Willig, eds., Handbook of industrial organization, Vol. II (Elsevier Science Inc., New York, NY).
    • (1989) Handbook of Industrial Organization , vol.2
    • Cohen, W.1    Levin, R.2
  • 8
    • 49149146329 scopus 로고
    • Merger proposals, management discretion and stockholder wealth
    • Dodd, Peter, 1980, Merger proposals, management discretion and stockholder wealth, Journal of Financial Economics 8, 105-137.
    • (1980) Journal of Financial Economics , vol.8 , pp. 105-137
    • Dodd, P.1
  • 9
    • 38249012494 scopus 로고
    • The stock market's valuation of R&D spending and market concentration
    • Doukas, John and Lorne Switzer, 1992, The stock market's valuation of R&D spending and market concentration, Journal of Economics and Business 44, 95-114.
    • (1992) Journal of Economics and Business , vol.44 , pp. 95-114
    • Doukas, J.1    Switzer, L.2
  • 11
    • 0001031439 scopus 로고
    • Simultaneous signalling to the capital and product markets
    • Gertner, R., R. Gibbons, and D. Scharfstein, 1988, Simultaneous signalling to the capital and product markets, Rand Journal of Economics 19, 173-190.
    • (1988) Rand Journal of Economics , vol.19 , pp. 173-190
    • Gertner, R.1    Gibbons, R.2    Scharfstein, D.3
  • 13
    • 38249021137 scopus 로고
    • Managerial incentives and financial signalling in product-market competition
    • Glazer, J. and R. Israel, 1990, Managerial incentives and financial signalling in product-market competition, International Journal of Industrial Economics 8, 271-280.
    • (1990) International Journal of Industrial Economics , vol.8 , pp. 271-280
    • Glazer, J.1    Israel, R.2
  • 14
    • 0000937212 scopus 로고
    • The stock market's valuation of R&D investment during the 1980s
    • Hall, Bronwyn H., 1993, The stock market's valuation of R&D investment during the 1980s, American Economic Review Papers and Proceedings 83, 259-264.
    • (1993) American Economic Review Papers and Proceedings , vol.83 , pp. 259-264
    • Hall, B.H.1
  • 15
    • 0039008350 scopus 로고
    • The effect of bond rating changes on common stock prices
    • Houlthausen, Robert W. and Richard W. Leftwich, 1986, The effect of bond rating changes on common stock prices, Journal of Financial Economics 17, 57-89.
    • (1986) Journal of Financial Economics , vol.17 , pp. 57-89
    • Robert, W.1    Leftwich, R.W.2
  • 16
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen, M., 1993, The modern industrial revolution, exit, and the failure of internal control systems, Journal of Finance 48, 831-880.
    • (1993) Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.1
  • 17
    • 0000495344 scopus 로고
    • Capital structure in repeated oligopolies
    • Maksimovic, V., 1988, Capital structure in repeated oligopolies, Rand Journal of Economics 19, 308-407.
    • (1988) Rand Journal of Economics , vol.19 , pp. 308-407
    • Maksimovic, V.1
  • 18
    • 0002335404 scopus 로고
    • The economics of modern manufacturing
    • Milgrom, Paul and John Roberts, 1990a, The economics of modern manufacturing, American Economic Review 80, 511-528.
    • (1990) American Economic Review , vol.80 , pp. 511-528
    • Milgrom, P.1    Roberts, J.2
  • 19
    • 0000175219 scopus 로고
    • Rationalizability, learning and equilibrium in games with strategic complementarities
    • Milgrom, Paul and John Roberts, 1990b, Rationalizability, learning and equilibrium in games with strategic complementarities, Econometrica 58, 1255-1278.
    • (1990) Econometrica , vol.58 , pp. 1255-1278
    • Milgrom, P.1    Roberts, J.2
  • 20
    • 0011616023 scopus 로고
    • Shareholder value maximization and product market competition
    • Rotemberg, Julio and David Scharfstein, 1990, Shareholder value maximization and product market competition, Review of Financial Studies 3, 367-393.
    • (1990) Review of Financial Studies , vol.3 , pp. 367-393
    • Rotemberg, J.1    Scharfstein, D.2
  • 21
    • 70350095836 scopus 로고
    • The timing of innovation: Research, development and diffusion
    • R. Schmalensee and R.D. Willig, eds., Elsevier Science Inc., New York, NY
    • Reinganum, Jennifer, 1989, The timing of innovation: Research, development and diffusion, in: R. Schmalensee and R.D. Willig, eds., Handbook of industrial organization, Vol. II (Elsevier Science Inc., New York, NY).
    • (1989) Handbook of Industrial Organization , vol.2
    • Reinganum, J.1
  • 22
    • 0002784478 scopus 로고
    • The effects of discriminatory price control decisions on equity values
    • Ruback, Richard S., 1982, The effects of discriminatory price control decisions on equity values, Journal of Financial Economics 10, 83-105.
    • (1982) Journal of Financial Economics , vol.10 , pp. 83-105
    • Ruback, R.S.1
  • 23
    • 0000603857 scopus 로고
    • Cost reduction, competition, and industry performance
    • Spence, A.M., 1984, Cost reduction, competition, and industry performance, Econometrica 52, 101-121.
    • (1984) Econometrica , vol.52 , pp. 101-121
    • Spence, A.M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.