R and D expenditures and market value of biotechnology firms

• Autorzy: Chojnacki P. , Kijek T.

Warianty tytułu

PL

Wydatki na prace badawczo-rozwojowe a wartość rynkowa firm biotechnologicznych

• Języki publikacji: EN

Abstrakty

EN

The aim of this paper is to conduct an analysis of R&D investments and their impact on a biotechnology firm’s value. The sample consists of the top 52 R&D investors from the European biotechnology sector. The data were obtained from “EU Industrial R&D Investment Scoreboard”. The multiple linear regression was applied to find the answer to the research question. The main findings of the study reveal that there is a positive relationship between the firm’s investment in R&D and the market value.

PL

Celem opracowania było określenie wpływu inwestycji w działalność badawczo-rozwojową (B+R) na wartość rynkową firm biotechnologicznych. Próba badawcza składała się z 52 firm biotechnologicznych będących największymi inwestorami w działalność B+R. Dane wykorzystane w opracowaniu pochodzą z Europejskiego Rankingu Inwestorów w B+R. W badaniu wykorzystano model regresji wielorakiej. Uzyskane wyniki wskazują, że inwestycje w B+R mają pozytywny wpływ na wartość rynkową badanych przedsiębiorstw.

Słowa kluczowe

EN

expenditure; market value; biotechnological firm; firm; research work; development work; investment; biotechnology

• Wydawca: -
• Czasopismo: Roczniki Naukowe Stowarzyszenia Ekonomistów Rolnictwa i Agrobiznesu
• Rocznik: 2014
• Tom: 16
• Numer: 6
• Opis fizyczny: p.77-81,ref.

Twórcy

autor

Chojnacki P.

• Department of Economics and Management, University of Life Sciences in Lublin, Akademicka 13 St., 20-960 Lublin, Poland

autor

Kijek T.

• Department of Economics and Management, University of Life Sciences in Lublin, Akademicka 13 St., 20-960 Lublin, Poland

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