Faff, Robert; Ho, Yew-Kee; Lin, Weiling; Yap, Chee-Meng - In: Applied Economics 45 (2013) 5, pp. 611-622
This study analyses the association between R&D Investment (RDI) and growth opportunities and show that there exists diminishing marginal returns in manufacturing firms. Extant literature has found that besides R&D investment, systematic risk, financial leverage and complementary asset...