Excess Returns to R&D-Intensive Firms

By Dennis J. Chambers, R. Jennings, R. Thompson. 2002

277 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4102dcfbeef7c134b0349e57a79836c1b66895c3

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Citations in the corpus

R&D Reporting Biases and Their Consequences (2005, unknown): “-32004), and risk premium (Chambers et al. 2002) arguments.”
The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research (2009, unknown): “…work suggests that firms that spend more on research and development have higher future stock returns (e.g., Chan, Lakonishok, and Sougiannis 2001; Chambers, Jennings, and Thompson 2002; Eberhart, Maxwell, and Siddique 2004), we examine whether the association between Compustat-based industry…”
Explaining the Short- and Long-Term IPO Anomalies in the US by R&D (2006, unknown): “To the extent that the existing multi-factor asset pricing models do not fully capture the riskiness of R&D (Chambers et al., 2002; AlHorani et al., 2003), the intercept from the time-series model may reflect in part a manifestation of the R&D risk.”
Industry expertise on corporate boards (2017, unknown): “See also Chambers et al. (2002). tracts that generate higher pay–performance sensitivities.”
Clarifying the Effects of R&D on Performance: Evidence from the High Technology Industries (2011, background): “These topics have already been examined in the larger industrial countries (e.g. the United States and the United Kingdom).”
Product market competition, R&D investment, and stock returns (2016, unknown): “…to the literature on the relation between R&D investment and stock returns (e.g., Lev and Sougiannis, 1996; Chan, Lakonishok, and Sougiannis, 2001; Chambers, Jennings, and Thompson, 2002; Eberhart, Maxwell, and Siddique, 2004; Hsu, 2009; Bena and Garlappi, 2011; Li, 2011; Lin, 2012; Hirshleifer,…”
The accounting treatment of intangibles – A critical review of the literature (2011, background): “In this context, Chambers, Jennings, and Thompson (2002) show that the positive association between R&D investent levels and subsequent excess stock returns reflects the riskiness of these investments.”
What financial and non‐financial information on intangibles is value‐relevant? A review of the evidence (2008, unknown): “Chauvin and Hirschey, 1994; McCarthy and Schneider, 1996; Vincent, 1994; Muller, 1994; Jennings, Robinson, Thompson and Duvall, 1996). Vincent (1994) finds the value-relevance relation holds for up to five years after the acquisition of goodwill. Chauvin and Hirschey (1994) examine the value-relevan”