The impact of investor sentiment on corporate research and development : an empirical study.
This academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors'...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Published: |
2008
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| Online Access: | http://hdl.handle.net/10356/10474 |
| _version_ | 1826126152192753664 |
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| author | Pua, John Guo Hao. Lee, Shu Ren. Wong, Ming Xu. |
| author2 | Sen, Nilanjan |
| author_facet | Sen, Nilanjan Pua, John Guo Hao. Lee, Shu Ren. Wong, Ming Xu. |
| author_sort | Pua, John Guo Hao. |
| collection | NTU |
| description | This academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors' sentiment has on corporate R&D expense. The significant results indicate that managers increase their R&D expenditure in response to a bullish market. Similarly, R&D activity declines when the market is bearish. The contribution of our study therefore highlights the presence of the interaction of investor sentiment and R&D spending activity. |
| first_indexed | 2024-10-01T06:48:02Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/10474 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T06:48:02Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | ntu-10356/104742023-05-19T06:16:14Z The impact of investor sentiment on corporate research and development : an empirical study. Pua, John Guo Hao. Lee, Shu Ren. Wong, Ming Xu. Sen, Nilanjan Nanyang Business School DRNTU::Business::Finance::Investments This academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors' sentiment has on corporate R&D expense. The significant results indicate that managers increase their R&D expenditure in response to a bullish market. Similarly, R&D activity declines when the market is bearish. The contribution of our study therefore highlights the presence of the interaction of investor sentiment and R&D spending activity. 2008-09-24T07:44:03Z 2008-09-24T07:44:03Z 2007 2007 Final Year Project (FYP) http://hdl.handle.net/10356/10474 Nanyang Technological University application/pdf |
| spellingShingle | DRNTU::Business::Finance::Investments Pua, John Guo Hao. Lee, Shu Ren. Wong, Ming Xu. The impact of investor sentiment on corporate research and development : an empirical study. |
| title | The impact of investor sentiment on corporate research and development : an empirical study. |
| title_full | The impact of investor sentiment on corporate research and development : an empirical study. |
| title_fullStr | The impact of investor sentiment on corporate research and development : an empirical study. |
| title_full_unstemmed | The impact of investor sentiment on corporate research and development : an empirical study. |
| title_short | The impact of investor sentiment on corporate research and development : an empirical study. |
| title_sort | impact of investor sentiment on corporate research and development an empirical study |
| topic | DRNTU::Business::Finance::Investments |
| url | http://hdl.handle.net/10356/10474 |
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