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Volumn 13, Issue 4, 2004, Pages 3-17

Pharmaceutical R&D investment and cash flows: An instrumental variables approach to testing for capital market imperfections

Author keywords

Capital market imperfections; Cash flows; Pharmaceutical R D

Indexed keywords

CAPITAL; COST; DEVELOPMENT; DRUG INDUSTRY; ECONOMICS; FINANCIAL MANAGEMENT; INVESTMENT; MARKET; MODEL; PHARMACY; POLICY; PRIORITY JOURNAL; RESEARCH; REVIEW;

EID: 23944456481     PISSN: 15385698     EISSN: None     Source Type: Journal    
DOI: 10.1300/J371v13n04_02     Document Type: Review
Times cited : (5)

References (15)
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  • 2
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    • The determinants of industrial research and development: A study of the chemical, drug, and petroleum industries
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  • 3
    • 0041005693 scopus 로고
    • The determinants of R&D expenditures in the pharmaceutical industry
    • Robert Helms, ed. (Washington. DC: AEI Press)
    • Grabowski, H.G. and Vernon, J.M. (1981) "The Determinants of R&D Expenditures in the Pharmaceutical Industry," in Robert Helms, ed., Drugs and Health. 3-20 (Washington. DC: AEI Press).
    • (1981) Drugs and Health , pp. 3-20
    • Grabowski, H.G.1    Vernon, J.M.2
  • 5
    • 0034406123 scopus 로고    scopus 로고
    • The determinants of pharmaceutical research and development expenditures
    • Grabowski, H.G. and Vernon. J.M. (2000) "The Determinants of Pharmaceutical Research and Development Expenditures." Journal of Evolutionary Economics, 10: 201-215.
    • (2000) Journal of Evolutionary Economics , vol.10 , pp. 201-215
    • Grabowski, H.G.1    Vernon, J.M.2
  • 6
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    • Working Paper No. 4096, NBER
    • Hall, Bronwyn H. (1992) "Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?" NBER Working Papers, Working Paper No. 4096, NBER.
    • (1992) NBER Working Papers
    • Hall, B.H.1
  • 7
    • 0000180018 scopus 로고    scopus 로고
    • Capital market imperfections and investment
    • Hubbard, G. (1998) "Capital Market Imperfections and Investment." Journal of Economic Literature, vol. XXXVI (March): 193-225.
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    • Hubbard, G.1
  • 9
    • 0000140435 scopus 로고
    • Informational asymmetries. Financial structure, and financial intermediation
    • Leland, Hayne E. and Pyle. David H. (1977) "Informational Asymmetries. Financial Structure, and Financial Intermediation" Journal of Finance 32: 371-387.
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.E.1    Pyle, D.H.2
  • 11
    • 0000294096 scopus 로고
    • The cost of capital, corporation finance and the theory of investment
    • Modigliani, F. and Miller. M. (1958) "The Cost of Capital, Corporation Finance and the Theory of Investment," American Economic Review, 48(3):261-297.
    • (1958) American Economic Review , vol.48 , Issue.3 , pp. 261-297
    • Modigliani, F.1    Miller, M.2
  • 14
    • 0041814558 scopus 로고    scopus 로고
    • The relationship between price regulation and pharmaceutical profit margins
    • Vernon, J.A. (2003) "The Relationship Between Price Regulation and Pharmaceutical Profit Margins." Applied Economics Letters. 10: 467-470.
    • (2003) Applied Economics Letters , vol.10 , pp. 467-470
    • Vernon, J.A.1
  • 15
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    • Examining the link between price regulation and pharmaceutical R&D investment
    • Vernon, J.A. (2004) "Examining the Link Between Price Regulation and Pharmaceutical R&D Investment." Health Economics. 14(1): 1-16.
    • (2004) Health Economics , vol.14 , Issue.1 , pp. 1-16
    • Vernon, J.A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.