A study on the influences of R&D investment on information security for mechanical and electronics industry



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.