UK EVIDENCE ON THE MARKET VALUATION OF RESEARCH AND DEVELOPMENT EXPENDITURES

Authors

  • J. Peter Green,

    1. The authors are respectively from the University of Ulster, Manchester Business School and the University of Essex. This project has been financed by a research grant from INQUIRE. Financial assistance also has been received from the Yale School of Management in the pursuit of this project. Both sources of finance are gratefully acknowledged. Immense help has been received from Ken Dyson and Nongnooch Kuasirikun in generating the data. Useful comments have been received from, in particular, Andrew Coutts, Neil Garrod, Alan Goodacre, Chris Higson, Sid Howell, Ken Peasnell, Richard Taffler, Martin Walker, Doug Wood and, in general, participants at the 1995 ACCA-ICAEW-JBFA Capital Markets Research Conference, the 1995 Financial Accounting and Auditing Research Conference and research seminar participants at the Manchester Business School and the University of Maryland. The usual caveat applies.
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  • Andrew W. Stark,

    Corresponding author
    1. The authors are respectively from the University of Ulster, Manchester Business School and the University of Essex. This project has been financed by a research grant from INQUIRE. Financial assistance also has been received from the Yale School of Management in the pursuit of this project. Both sources of finance are gratefully acknowledged. Immense help has been received from Ken Dyson and Nongnooch Kuasirikun in generating the data. Useful comments have been received from, in particular, Andrew Coutts, Neil Garrod, Alan Goodacre, Chris Higson, Sid Howell, Ken Peasnell, Richard Taffler, Martin Walker, Doug Wood and, in general, participants at the 1995 ACCA-ICAEW-JBFA Capital Markets Research Conference, the 1995 Financial Accounting and Auditing Research Conference and research seminar participants at the Manchester Business School and the University of Maryland. The usual caveat applies.
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  • Hardy M. Thomas

    1. The authors are respectively from the University of Ulster, Manchester Business School and the University of Essex. This project has been financed by a research grant from INQUIRE. Financial assistance also has been received from the Yale School of Management in the pursuit of this project. Both sources of finance are gratefully acknowledged. Immense help has been received from Ken Dyson and Nongnooch Kuasirikun in generating the data. Useful comments have been received from, in particular, Andrew Coutts, Neil Garrod, Alan Goodacre, Chris Higson, Sid Howell, Ken Peasnell, Richard Taffler, Martin Walker, Doug Wood and, in general, participants at the 1995 ACCA-ICAEW-JBFA Capital Markets Research Conference, the 1995 Financial Accounting and Auditing Research Conference and research seminar participants at the Manchester Business School and the University of Maryland. The usual caveat applies.
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Address for correspondence: A. Stark, Manchester Business School, Booth Street West, Manchester M15 6PB, UK.

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