Disentangling reciprocal relationships between R&D intensity, profitability and capital market performance: A panel VAR analysis

Research and development (R&D) investments are strategic choices that firms make to create and sustain competitive advantage. Extant literature proposes that firms’ R&D investments and their profitability and capital market performance are reciprocally related. However, the direction of thes...

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Bibliographic Details
Published in:Long range planning 2022-10, Vol.55 (5), p.102247, Article 102247
Main Authors: Karna, Amit, Mavrovitis (Mavis), Christos, Richter, Ansgar
Format: Article
Language:English
Subjects:
Capital market performance
Panel vector autoregression
Profitability
Real options
Research and development
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