We examine the effect of announcements of plans to increase R&D expenditures on the
stock price of rival firms. We test two alternative hypotheses: the first‐to‐innovate hypothesis …

Studies that test for shareholder wealth effects of announcements of plans to increase R&D
expenditures find an average positive effect, but also a significant cross‐sectional variation. …

The objective of this paper is to examine the relationships between the governance structure
of a firm and its choice of corporate strategy. Using a sample of 102 corporate takeovers, it …

This paper examines a sample of 48 cooperative R&D ventures announced in the period
1983–1990 to determine their impact on the stock price of the announcing firms. It finds that the …

The present study synthesizes various elements of prior research and extends its content to
develop a sustainable growth rate model for the firm. This model provides a conceptual …

Firms in the science-and technology-based industries in the United States have been
abstaining, since the year 1999, from using an evidently efficient special purpose entity (SPE) to …

ZAHER Z. ZANTOUT is assistant professor of finance at Rider University in Laurenceville,
New Jersey. His research deals with valuation of research and development and corporate …

We examine the efficiency of event-induced abnormal revisions of analysts' earnings forecasts
using four samples of major corporate investment and dividend decisions. We find that …

We examine the role of investment opportunities and free cash flow in explaining R&D-induced
abnormal returns. After controlling for firm size, financial leverage, dividend yield, …

The literature on corporate governance at corporations and conventional banks is extensive;
however, it does not assign proper weight to Islamic finance institutions despite their …