Pramod, Kumar Naik; Krishnan, Narayanan; Puja, Padhi - Volkswirtschaftliche Fakultät, … - 2012
analyze the relationship between R&D investment and firm value. After controlling some firm specific variables the present … study finds an inverted U-shaped relationship between R&D intensity and firm value indicating the diminishing marginal … the beginning, but, when the investment exceeds an optimal level, these investments lower the firm value. …