Financial market reaction to R&D volatility in the pharmaceutical industry. A multi-country study

Corporate management is often accused of short-term oriented behaviour related to R&D expenditures. This study analyses the influence of R&D volatility and R&D intensity on the market capitalization of pharmaceutical and medical research companies from Europe, considering the institutio...

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Bibliographic Details
Main Authors: Marilena Mironiuc, Maria Carmen Huian, Alina Țaran, Mihaela Curea
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2022-11-01
Series:Journal of Business Economics and Management
Subjects:
Online Access:https://journals.vilniustech.lt/index.php/JBEM/article/view/17844