The purpose of this paper is to provide additional research on the market valuation of R&D in Europe, and also to shed light on some firm and country characteristics which sensibly modulate the effect of R&D on firms' value. The analysis is performed using a panel regression approach with fixed...

The aim of this study is to confirm the presence of a relationship between the territory and the bank, verifying empirically the effect of the functional distance (headquarters-branches distance) on bank performance. To support this hypothesis we also test the effects that the bank size, the...

Self-financing has often been seen as an important source for research-and-development (R&D) funding. However, an in-depth comparison between the determinants of self-financing in the case of traditional investments versus those in R&D has not been provided yet. We use a comprehensive data set...