An Examination of Long-Term Abnormal Stock Returns and Operating Performance Following R&D Increases

By Allan C. Eberhart, William F. Maxwell, Akhtar Siddique. 2004

928 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4c4f7609e66475cde278f293d3b031059bdc3690

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Citations in the corpus

Do Better-Connected CEOs Innovate More? (2014, neutral): “Faleye (2007) and Cheng (2008), among others, address this type of reverse causality problem by regressing the dependent variable on lagged values of the explanatory variable based on the argument that such historical values are largely predetermined.”
Innovative Efficiency and Stock Returns (2013, neutral): “For the RDG factor, ‘‘H’’ and ‘‘L’’ refer to portfolios of firms with and without significant R&D growth as defined in Eberhart, Maxwell, and Siddique (2004).”
Organization Capital and Sticky Behaviour of Selling, General and Administrative Expenses (2015, methodology): “R&D capital has been used by the relevant literature to examine various issues associated with intangible investments (e.g. Eberhart et al., 2004; Lev and Sougiannis, 1996).”
Stakeholder relations and stock returns: On errors in investors' expectations and learning (2013, methodology): “Following Edmans (2011), we first perform pooled OLS regressions involving forecast errors defined as the long-term earnings growth that firm i realized at the end of fiscal year t minus the corresponding median value of analysts’ forecasts of long-term growth made 5 years earlier (we winsorize the ”
R&D intensity and international joint venture performance in an emerging market: moderating effects of market focus and ownership structure (2007, background): “Journal of International Business Studies Based on these arguments, we propose the following hypothesis: Hypothesis 3: In an emerging market, R&D intensity has the strongest positive relationship with the performance of IJVs that have both an export market focus and MNC majority ownership, compared ”
Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap? (2014, positive): “We, therefore, adopt an approach similar to Eberhart, Maxwell, and Siddique (2004) by adding back R&D expenditures to EBITDA.”
The Real Effects of Real Earnings Management: Evidence from Innovation (2018, background): “lagged total assets (in millions of dollars) of the focal firm to be consistent with equation (1) and the literature (e.g., Griliches 1981; Hall 1993; Eberhart et al. 2004; Hall et al. 2005a; Noel and Schankerman 2013).”