Golec, Joseph; Hegde, Shantaram; Vernon, John A. - In: Journal of Financial and Quantitative Analysis 45 (2010) 01, pp. 239-264
Do threats of pharmaceutical price regulation affect subsequent research and development (R&D) spending? This study uses the Clinton administration’s Health Security Act (HSA) of 1993 as a natural experiment to study this issue. We link events surrounding the HSA to pharmaceutical stock price...
