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| 題 名 | IT Investment Announcements and Market Reaction: The Moderating Impact of R&D Intensity and Firm Growth |
|---|---|
| 作 者 | Alyousef, Husain Y.; | 書刊名 | Academy of Taiwan Business Management Review |
| 卷 期 | 6:3 2010.08[民99.08] |
| 頁 次 | 頁127-135 |
| 分類號 | 494 |
| 關鍵詞 | |
| 語 文 | 英文(English) |
| 英文摘要 | This study examines the relationship between firm characteristics and abnormal return around the announcement period for firms investing in IT. Two firm characteristics were examined, R&D intensity and firm growth (Tobin’s q), using the event study methodology.First, the sample was divided into two portfolios (firms with high R&D intensity and firms with low R&D intensity); there was no significant relationship found for either portfolio. As for firm growth, the high-growth firms portfolio exhibited a significant negative relationship while the low-growth firms portfolio had a positive non-significant relationship. The findings provided us with new insights regarding firm characteristics that might be associated with the firms’ abnormal return. |
本系統中英文摘要資訊取自各篇刊載內容。