The impact of investor sentiment on corporate research and development : an empirical study.

The impact of investor sentiment on corporate research and development : an empirical study.

This academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors'...

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Main Authors: Pua, John Guo Hao., Lee, Shu Ren., Wong, Ming Xu.
Other Authors: Sen, Nilanjan
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::Finance::Investments
Online Access:http://hdl.handle.net/10356/10474
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Institution: Nanyang Technological University
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spelling sg-ntu-dr.10356-104742023-05-19T06:16:14Z The impact of investor sentiment on corporate research and development : an empirical study. Pua, John Guo Hao. Lee, Shu Ren. Wong, Ming Xu. Sen, Nilanjan Nanyang Business School DRNTU::Business::Finance::Investments This academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors' sentiment has on corporate R&D expense. The significant results indicate that managers increase their R&D expenditure in response to a bullish market. Similarly, R&D activity declines when the market is bearish. The contribution of our study therefore highlights the presence of the interaction of investor sentiment and R&D spending activity. 2008-09-24T07:44:03Z 2008-09-24T07:44:03Z 2007 2007 Final Year Project (FYP) http://hdl.handle.net/10356/10474 Nanyang Technological University application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Business::Finance::Investments
spellingShingle DRNTU::Business::Finance::Investments
Pua, John Guo Hao.
Lee, Shu Ren.
Wong, Ming Xu.
The impact of investor sentiment on corporate research and development : an empirical study.
description This academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors' sentiment has on corporate R&D expense. The significant results indicate that managers increase their R&D expenditure in response to a bullish market. Similarly, R&D activity declines when the market is bearish. The contribution of our study therefore highlights the presence of the interaction of investor sentiment and R&D spending activity.
author2 Sen, Nilanjan
author_facet Sen, Nilanjan
Pua, John Guo Hao.
Lee, Shu Ren.
Wong, Ming Xu.
format Final Year Project
author Pua, John Guo Hao.
Lee, Shu Ren.
Wong, Ming Xu.
author_sort Pua, John Guo Hao.
title The impact of investor sentiment on corporate research and development : an empirical study.
title_short The impact of investor sentiment on corporate research and development : an empirical study.
title_full The impact of investor sentiment on corporate research and development : an empirical study.
title_fullStr The impact of investor sentiment on corporate research and development : an empirical study.
title_full_unstemmed The impact of investor sentiment on corporate research and development : an empirical study.
title_sort impact of investor sentiment on corporate research and development : an empirical study.
publishDate 2008
url http://hdl.handle.net/10356/10474
_version_ 1770566238821416960

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