Are Investor Reactions to R&D Influenced by the Corporate Headquarter's Location?

This study provides evidence that investors react differently to R&D (line item) information according to the disclosure regimes of a firm's headquarters-country. The stock market response is significantly lower for R&D information from code law countries (continental Europe) than for common law countries (such as Britain). Copyright 2002 by Kluwer Academic Publishers

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Year of publication:	2002
Authors:	Swanson, Zane L ; Singer, Robert
Published in:	Review of Quantitative Finance and Accounting. - Springer. - Vol. 18.2002, 1, p. 5-19
Publisher:	Springer

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005673865