Nonlinear Effect of R&D Expenditures and Intangible Assets on Financial Performance: A Panel Threshold Analysis

VanderPal, G. (2019). Nonlinear Effect of R&D Expenditures and Intangible Assets on Financial Performance: A Panel Threshold Analysis. Journal of Applied Business and Economics, 21(9). DOI:10.33423/jabe.v21i9.2686

9 Pages Posted: 21 Feb 2020

Date Written: December 30, 2019

Abstract

The financial outcomes of research and development (R&D) expenditures and intangible assets are not instantaneous and straightforward. To explore the varied perspectives of these relationships, this study employs panel threshold analysis. Analysis reveals significant variances in multiple regimes. The findings provide insights in the risk-return paradigm of R&D investment, dynamics of threshold points and the successive return, besides helping the policy makers to settle the priority sector to get the expected result in line with country’s investment policy.

Keywords: Financial Performance, Corporate Finance, Intangible Assets, Research and Development Expense, Corporate Performance, Financial Metrics, Financial Analysis

JEL Classification: G, M

Suggested Citation

VanderPal, Geoffrey, Nonlinear Effect of R&D Expenditures and Intangible Assets on Financial Performance: A Panel Threshold Analysis (December 30, 2019). VanderPal, G. (2019). Nonlinear Effect of R&D Expenditures and Intangible Assets on Financial Performance: A Panel Threshold Analysis. Journal of Applied Business and Economics, 21(9). DOI:10.33423/jabe.v21i9.2686. Available at SSRN: https://ssrn.com/abstract=3524650

Geoffrey VanderPal (Contact Author)

Purdue University Global ( email )

1321 Upland Drive, Suite 9331
Suite 9331
Houston, TX Collin 77043
United States
5123086190 (Phone)

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