Wydatki na prace badawczo-rozwojowe a wartość rynkowa firm biotechnologicznych
R&D expenditures and market value of biotechnology firms
Author(s): Piotr Chojnacki, Tomasz KijekSubject(s): Economy, National Economy, Business Economy / Management
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: R&D; biotechnology; market value; innovation
Summary/Abstract: The aim of this article is to determine the influence of investment in R&D activity on market value of biotechnology firms. The research sample includes 52 biggest R&D investors from the European biotechnology sector. The data used in the analyses come from the raport titled The UE Industrial R&D Investment Scoreboard. To answer the research questions linear regression model was used. The research results show that there is a positive relationship between biotechnology firms investment in R&D activity and their market value.
Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
- Issue Year: 2016
- Issue No: 439
- Page Range: 59-66
- Page Count: 8
- Language: Polish