Dissertation/ Thesis
The cost of innovation: R&D and high cash holdings in Taiwan biotechnology industry
| العنوان: | The cost of innovation: R&D and high cash holdings in Taiwan biotechnology industry |
|---|---|
| Alternate Title: | 研發創新成本:台灣生技產業的研發投資與高現金持有水準之現象 |
| المؤلفون: | Chun-Wen Chen, 陳俊文 |
| Thesis Advisors: | Yu-Jen Hsiao, Te-Chien Lo, 蕭育仁, 羅德謙 |
| سنة النشر: | 2017 |
| المجموعة: | National Digital Library of Theses and Dissertations in Taiwan |
| الوصف: | 105 We examine whether the R&D investment influences firms’ cash holdings at Taiwan exchange-listed biotechnology firms. Our paper indicates three findings: first, R&D investment is significantly positively correlated with biotechnology firms’ cash holdings. Second, we show that not only firms’ characteristics affect firms’ cash holdings, but also firms’ cash holding sensitivities affect biotechnology firms’ cash holdings. Third, the result that firms’ cash holdings and R&D investment are highly correlated only occurs in the Pharmaceutical firms and Applied-biotechnology firms, but not for Medical-device firms. |
| Original Identifier: | 105NDHU5304012 |
| نوع الوثيقة: | 學位論文 ; thesis |
| وصف الملف: | 35 |
| الاتاحة: | http://ndltd.ncl.edu.tw/handle/ae7m67 |
| رقم الانضمام: | edsndl.TW.105NDHU5304012 |
| قاعدة البيانات: | Networked Digital Library of Theses & Dissertations |
| الوصف غير متاح. |