DocumentCode
3148224
Title
Value-creating potentials and attendant risks for R&D portfolios
Author
Lee, Hwey-chyi ; Ouyang, Lishu
Author_Institution
Dept. of Finance, Chang Jung Christian Univ., Tainan
fYear
2008
fDate
21-24 Sept. 2008
Firstpage
1199
Lastpage
1203
Abstract
The purpose of this study is to investigate the trade-off relationship between value creation (characterized by EVA) and attendant risks for R&D portfolios. The empirical data include 485 manufacturing and high tech Taiwanese firms during the years 2004 to 2007. Empirical results indicate that the percentage changes of EVA are sensitive to the time horizons used in amortized R&D capital and also found that the results are highly sensitive to firms with high R&D intensities.
Keywords
manufacturing industries; organisational aspects; research and development; risk management; value engineering; R&D portfolios; high tech Taiwanese firms; manufacturing Taiwanese firms; value-creating potentials; Costs; Finance; Financial management; Investments; Portfolios; Project management; Research and development; Research and development management; Resource management; Risk management; EVA; R&D; Risk; Sensitivity Analysis;
fLanguage
English
Publisher
ieee
Conference_Titel
Management of Innovation and Technology, 2008. ICMIT 2008. 4th IEEE International Conference on
Conference_Location
Bangkok
Print_ISBN
978-1-4244-2329-3
Electronic_ISBN
978-1-4244-2330-9
Type
conf
DOI
10.1109/ICMIT.2008.4654540
Filename
4654540
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