On the trade-off between the future benefits and riskiness of R&D: a bondholders’ perspective ☆

By Charles Shi. 2002

279 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/34c0854e590f32e223086922df93a4c051ccb549

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. John (Xuefeng) Jiang
2. Dan S. Dhaliwal
3. Matthew Serfling
4. J. Judd
5. Sarah Shaikh
6. John J. Maher
7. Douglas J. Skinner
8. D. M. Brandon

In Finance

1. John (Xuefeng) Jiang
2. Matthew Serfling
3. J. Judd
4. John J. Maher
5. Douglas J. Skinner
6. Dan S. Dhaliwal
7. D. M. Brandon
8. Sarah Shaikh

In Strategy and Management

1. John (Xuefeng) Jiang
2. Matthew Serfling
3. J. Judd
4. Sarah Shaikh
5. John J. Maher
6. Douglas J. Skinner
7. Dan S. Dhaliwal
8. D. M. Brandon

Citations in the corpus

• Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010, unknown): “27 variable (e.g., Ahmed et al. 2002; Shi 2003; Ashbaugh-Skaife et al. 2006; Cremers et al. 2007; Eberhardt et al. 2008; Lee 2008; Hann et al. 2007; Jiang 2008; Mansi et al. 2004, 2009).”
• Real Earnings Management and the Cost of New Corporate Bonds (2014, unknown): “Based on prior research on the determinants of the cost of debt (e.g., Bharath et al., 2008; Jiang, 2008; Sengupta, 1998; Shi, 2003), we include a number of firm- and bond-level control variables in models (4) and (5).”
• Nonaudit Fees, Auditor Independence, and Bond Ratings (2004, methodology): “The KU model continues to remain robust in the literature and has been utilized directly or with minor variations in recent research as the primary reference for modeling bond ratings (e.g. Francis et al. 2003, Graham et al. 2001, Ziebart and Reiter 1992, Shi 2003).”
• Beating Earnings Benchmarks and the Cost of Debt (2008, methodology): “Even after controlling for the other benchmarks, 23 To improve estimation efficiency, Shi (2003) jointly estimates a new bond yield and a new bond rating model through Seemingly Unrelated Regressions (SUR).”
• Accounting for Intangibles - A Critical Review of Policy Recommendations (2008, background): “For evidence on this, see Kothari et al. (2002) or Shi (2003) .”
• Customer Concentration Risk and the Cost of Equity Capital (2016, methodology): “Shi (2003) uses industry average R&D as an instrument for firm-specific R&D.”