Special Issue Paper
A study on the influences of R&D investment on information security for mechanical and electronics industry
Article first published online: 10 JUL 2013
Copyright © 2013 John Wiley & Sons, Ltd.
Security and Communication Networks
How to Cite
Oh, S.-R. and Kim, K. W. (2013), A study on the influences of R&D investment on information security for mechanical and electronics industry. Security Comm. Networks. doi: 10.1002/sec.831
- Article first published online: 10 JUL 2013
- Manuscript Accepted: 27 MAY 2013
- Manuscript Received: 21 APR 2013
- R&D investment;
- real option value;
- enterprise value;
- market value;
- Black–Scholes option model
In this study, we have tried to analyze the influence of research and development (R&D) investment on real option value (ROV), expended net present value (ENPV) and market value by analyzing R&D investment, ROV, ENPV and market value of different industry types from an ex post perspective. The results show that ENPV, which has been deduced by real option according to R&D investment, reflects market value well and possesses a strong correlation with R&D investment, ROV, ENPV and market value. This implies that our study result corresponds with existing theories. Copyright © 2013 John Wiley & Sons, Ltd.