Why Us? >>

  • - Open Access
  • - Peer-reviewed
  • - Rapid publication
  • - Lifetime hosting
  • - Free indexing service
  • - Free promotion service
  • - More citations
  • - Search engine friendly

Free SCIRP Newsletters>>

Add your e-mail address to receive free newsletters from SCIRP.


Contact Us >>

WhatsApp  +86 18163351462(WhatsApp)
Paper Publishing WeChat
Book Publishing WeChat
(or Email:book@scirp.org)

Article citations


Y. K. Ho, Z. Y. Xu and C. M. Yap, “R & D Investment and Systematic Risk,” Accounting and Finance, Vol. 44, No. 3, 2004, pp. 393-418.

has been cited by the following article:

  • TITLE: An Exploration of the R & D Value beyond the Generally Accepted Accouting Principles

    AUTHORS: Yu-Wen Lan

    KEYWORDS: Real R & D Option, Poisson Event, Exponential Decay, GAAP

    JOURNAL NAME: Technology and Investment, Vol.1 No.2, May 25, 2010

    ABSTRACT: This paper utilized the real R & D option theory especial the Bellalah [1] information cost model as the discussion base for the exploration of R & D value. We extended Bellalah’s model as to add the factors of Poisson event and exponential decay to approximate the reality; we calculated the derivative value of R & D investment and relaxed the Generally Accepted Accounting Principles (GAAP) as to deem the accumulated R & D investment the capital owned by a firm and to evaluate it as well. The empirical results enlightened us: our modified model meet with reality better than the original model; the derivative R & D value have explanatory power to the equity behavior especial the risk magnitude proxied by β and lastly, to entirely expense the R & D investment could be problematic since R & D investment own the property of capital.