| dc.contributor.author | Alkazaz, Sami | |
| dc.contributor.author | Lidfelt, Arvid | |
| dc.date.accessioned | 2022-07-01T08:48:58Z | |
| dc.date.available | 2022-07-01T08:48:58Z | |
| dc.date.issued | 2022-07-01 | |
| dc.identifier.uri | https://hdl.handle.net/2077/72511 | |
| dc.description.abstract | This is a study on the impact of R&D expenditure, expressed in the form of R&D intensity, on stock returns in the Nordic Biotechnology sector. Firms in this sector are generally R&D intensive and the geographic area of the Nordic countries is known for being highly innovative. For the sample, 36 firms are analyzed through the period of 2013 - 2022. The empirical results show that R&D intensity has a statistically significant but small negative effect on the total returns of stocks. The results of this study stand in contrast to previous literature showing a positive relationship between R&D intensity and stock returns. The results are aligned with that strand of previous literature arguing that no significant relationship between R&D and stock returns exists. | en_US |
| dc.language.iso | eng | en_US |
| dc.relation.ispartofseries | 202206:303 | en_US |
| dc.title | R&D’s impact on stock returns in the biotechnology industry in the Nordic countries | en_US |
| dc.title.alternative | R&Ds påverkan på aktiers avkastning i den Nordiska bioteknologi-sektorn | en_US |
| dc.type | text | |
| dc.setspec.uppsok | SocialBehaviourLaw | |
| dc.type.uppsok | M2 | |
| dc.contributor.department | University of Gothenburg/Department of Economics | |
| dc.contributor.department | Göteborgs universitet/Institutionen för nationalekonomi med statistik | |
| dc.contributor.department | University of Gothenburg/Department of Business Administration | |
| dc.contributor.department | Göteborgs universitet/Företagsekonomiska institutionen | |
| dc.type.degree | Student essay | |
