|
References 1.Acemoglu, D. & Johnson, S. (2005). Unbundling Institutions . Journal of Political Economy, 113(5), 949-995. 2.Aggarwal, R. K. & Samwick, A. A. (1999). Executive Compensation, Strategic Competition, and Relative Performance Evaluation: Theory and Evidence . Journal of Finance , 54, 1999-2043. 3.Aghion, P., Harris, C., & Vickers. J. (1997). Competition and Growth with Step-by-Step Innovation: An Example. , European Economic Review, 41 (3-5), 771-782. 4.Aghion P., Harris, C., Howitt , P. & Vickers, J. ( 2001). Competition, Imitation and Growth with Step-by-Step Innovation . Review of Economic Studies, 68 (3), 467-492. 5.Aghion, P., Bloom, N., Blundell, R., Griffith, R., & Howitt, P. (2005). Competition and innovation: an inverted-U relationship , Quarterly Journal Of Economics , 120(2) , 701-728. 6.Alchian , A. A. (1950). Uncertainty, Evolution, and Economic Theory. Journal of Political Economy, 58(3) , 211-221. 7.Alchian , A. A. , & Demsetz , H. (1972). Production , Information Costs, and Economic Organization. American Economic Review ,62(5), 777-795. 8.Allen, C., Gasiorek , M., & Smith, A.(1998). The competition effects of the Single Market in Europe , Economic Policy, 13(27), 439-486. 9.Allen, F. & Gale , D.(2000). Bubbles and Crises. Economic Journal ,110( 460) , 236-255. 10.Al-Muharrami, S., Matthews, K. and Karbhari, Y. (2006) .Market structure and competitive conditions in the Arab GCC banking system, Journal of Banking & Finance, Vol. 30,pp.3487–3501. 11.Amir , E. , & Lev , B.(1996). Value-relevance of nonfinancial information: The wireless communications industry. Journal of Accounting and Economics ,22, 3- 30. 12.Amir ,R. , Halmenschlager ,C. , & Jin ,J. (2011). R&D-induced industry polarization and shake-outs . International Journal of Industrial Organization, 29, 386–398. 13.Ang ,J. S., Lauterbach , B., & Schreiber, B. Z. (2001). Internal monitoring , regulation, and compensation of top executives in banks. International Review of Economics and Finance ,10, 325 – 335. 14.Anthony , J. & Ramesh , K. (1992). Association between Accounting Performance Measures and Stock Prices: A Test of the Life Cycle Hypothesis. Journal of Accounting & Economics ,15, 203-227. 15.Asthana ,S. C. , Yinqi, Z. (2006) .Effect of R&D investments on persistence of abnormal earnings ,Review of Accounting and Finance, Vol. 5 Iss: 2, pp.124 – 139. 16.Barber, B. M. , & Lyon , J.D.(1997). Detecting long-run abnormal stock returns: The empirical power and specification of test statistics, Journal of Financial Economics 43, 341–372. 17.Barker ,V. L., & Mueller, G. C. (2002). CEO Characteristics and Firm R&D Spending. Management Science, 48(6), 782-801. 18.Baysinger , B. D. & Hoskisson , R. E. (1989). Diversification Strategy and R&D Intensity in Multiproduct Firms. Academy of Management Journal ,32(2), 310-332. 19.Baysinger , B. D., Kosnik , R. D. & Turk ,T. A. (1991). Effects of Board and Ownership Structure on Corporate R&D Strategy . Academy of Management Journal , 34(1), 205-214. 20.Becker, B., (2011). Governance and innovation. Journal of Corporate Finance, 17 , 947–958. 21.Benedicte ,M. R. (2004). R&D intensity and financing constraints. Journal of business and economic studies ,10(2), 38-53. 22.Berkman , E. T., Lieberman ,M. D., & Gable ,S. L. (2009). BIS, BAS, and response conflict: Testing predictions of the revised reinforcement sensitivity theory. Personality and Individual Differences , 46 , 586–591. 23.Bessembinder , H. , Kahle , K. M. , Maxwell ,W. F. & Xu , D. (2009). Measuring Abnormal Bond Performance. Review of Financial Studies, Society for Financial Studies, 22(10), 4219-4258 24.Black, E.L.(1998). Life-cycle impacts on the incremental value-relevance of earnings and cash flow measures. Journal of Financial Statement Analysis, 4, 40-56. 25.Bublitz ,B., & Ettredge , M. (1989). The Information in Discretionary Outlays: Advertising, Research, and Development. The Accounting Review ,64(1), 108-124 26.Bulow, J., Geanakoplos , J., & Klemperer , P.(1985). Multimarket Oligopoly: Strategic Substitutes and Complements. Journal of Political Economy ,93, 488-511. 27.Blundell ,R., Griffith ,R., & Reenen ,J. V.(1999). Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms. The Review of Economic Studies, 66(3), 529-554. 28.Burgelman, R. A. & Maidique, M. A. (1989). Strategic Management of Technology. Irwin, Homewood, IL. 29.Calkinst, Stephen. (1983).The New Merger Guidelines and the Herfindahl-Hirschman Index. California Law Review,71(2),6. 30.Chatterjee, S. & Harrison, J.(2001).Corporate Governance, Chapter 19 Invited book chapter for Handbook of Business Strategy, ed .Mike, Hitt, R. Ed. Freeman and Harrison J. Blackwell. : 543-563. 31.Comanor, W. S. (1967). Market Structure , Product Differentiation, and Industrial Research. The Quarterly Journal of Economics, 81(4), 639–657. 32.Claessens, S. & Djankov , S. , Fan, J. P.H. & Lang, L.H.P.(2000). Expropriation of Minority Shareholders in East Asia. CEI Working Paper Series 2000-4, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. 33.Claessens, S. , Djankov , S., Fan, J. & Lang, P.H. (2002). Disentangling the Incentive and Entrenchment Effects of Large Shareholdings. Journal of Finance, 57(6), 2741-2771. 34.Chan, M. H., Blum, K. I., Murphy, S. Q., Wong, G. K. S., Reppy, J. D. & Chan et al. (1990).reply Physical review letters 64(8), 979. 35.Chan, L.K.C.,Lakonishok,J.,& Sougiannis,T.(2001).The stock market valuation of research and development expenditures. Journal of Finance ,56, 2431–2456. 36.Chen, Ming-Jer. (1996).Competitor Analysis and Interfirm Rivalry: Toward a Theoretical Integration,Academy of Management Review, 21: 100-134. 37.Chen , S. S., Ho ,K. W., Ik ,K. H., & Lee ,C. F. ( 2002). How Does Strategic Competition Affect Firm Values? A Study of New Product Announcements. Financial Management ,31(2) , 67-84. 38.Cheung, Y.L., Rau, P.R., & Stouraitis, A. (2006). Tunneling, propping, and expropriation: Evidence from connected party transactions in Hong Kong. Journal of Financial Economics, 82,.343–386. 39.Chou, W, Ng, L, & Wang, Q. (2008). Product market competition and corporate governance. Working paper: Georgia Institute of Technology. 40.Chung ,K. H., Wright ,P., & Kedia B. (2003). Corporate governance and market valuation of capital and R&D investments. Review of Financial Economics ,12, 161-172. 41.Core , J. E., Holthausen , R. W. & Larcker , D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics ,51 , 371-406. 42.Daniel, K. & Titman, S.(2006). Market reactions to tangible and intangible information. Journal of Finance ,61,1605–1643. 43.Dasgupta , P. & Stiglitz ,J. ( 1980a). Uncertainty , industrial structure, and the speed of R&D. Bell Journal of Economics, 11(1). 44.D'aveni, R.A. (1994). Hyper Competition. Managing the Dynamics of Strategic Maneuvering, New York, The Free Press. 45.Dawid , H. , Kort , P.M. & John, R.,(2013). R&D competition versus R&D cooperation in oligopolistic markets with evolving structure. International Journal of Industrial Organization ,31, 527–537. 46.Deng, Z., Lev, B. & Narin , F.,(1999). Science and technology as predictors of stock performance. Financial Analysts Journal ,55, 20–32. 47.Dong ,J. & Gou ,Y. N.,(2010). Corporate governance structure, managerial discretion, and the R&D investment in China. International Review of Economics and Finance ,19 , 180–188. 48.Dougherty, D., Hardy ,C. (1996). Sustained product innovation in large, mature organizations: Overcoming innovation-to-organization problems., Academy of Management Journal, 39 ,1120–1153. 49.Eberhart , A. C., Maxwell , W. F. & Siddique, A. R. (2004). An examination of long-term abnormal stock returns and operating performance following R&D increases. Journal of Finance ,59, 623–650. 50.Eberhart , A. C., Maxwell, W. F. & Siddique, A. R. (2008). Are examination of the tradeoff between the future benefit and riskiness of R&D increases. Journal of Accounting Research ,46,27–52. 51.Ehie , I. C. , & Olibe ,K. (2010). The effect of R&D investment on firm value: An examination of US manufacturing and service industries. International Journal of Production Economics, 128, 127–135. 52.Fan , P.H. ,& Lang, HP. (2000).Price Uncertainty and Vertical Integration: An Examination of Petrochemical Firms. Journal of Corporate Finance, 6(4), 345-376. 53.Fan , P.H. , & Lang, H.P.(2000). The Measurement of Relatedness: An Application to Corporate Diversification. Journal of Business, 73(4), 629-660. 54.Foster, R. N. (1982). A Call for Vision in Managing Technology. McKinsey Quarterly, Summer. 55.Fuchs, P., Mifflin ,K., Miller ,D. & Whitney ,J.( 2000), Strategic Integration: Competing in the Age of Capabilities. California Management Review, 42,3. 56.Fudenberg , D. & Tirole , J.(1984). The fat-cat effect, the puppy-dog ploy, and the lean and hungry look. The American Economic Review, 361-366. 57.Geroski, P.A., (1990). Innovation , technological opportunity, and market structure. Oxford Economic Papers, N. S, 42(3), 586-602. 58.Geroski, P.A.(1994). Market structure, corporate performance, and innovative activity. Oxford New York: Clarendon Press Oxford University Press. 59.Gilbert, R. J. (2008). Competition and innovation. Journal of Industrial Organization Education, 1(1), 1-23. 60.Gilbert, R.J. & Newbery , D. (1982). Preemptive patenting and the persistence of monopoly. American Economic Review, 7(2) , 514-526. 61.Gimeno ,J.(1999).Reciprocal threats in multimarket rivalry: Staking out'spheres of influence'in the US airline industry. Strategic Management Journal, 20 (2), 101-128 62.Giroud , X. & Mueller , Holger M.(2009). Does corporate governance matter in competitive industries? Journal of Financial Economics ,95 , 312–331 63.Giroud , X. & Mueller , H. M. (2010). Corporate Governance, Product Market Competition, and Equity Prices . Journal of Financial, 7(2),563-600. 64.Gompers, P., Ishii, J., & Metrick , A. (2003). Corporate governance and equity prices. Quarterly Journal of Economics, 118, 107–155. 65.Griliches ,Z.(1981).Market value, R&D, and patents. Economics Letters, 7(2), 183–187. 66.Griliches, Z. (1990). Patent statistics as economic indicators: a survey. Journal of Economic Literature,28,1661–1707. 67.Gu, F. (2005). Innovation, future earnings, and market efficiency. Journal of Accounting Auditing and Finance, 20, 385–418. 68.Hall, B. H.( 1993). The stock market’s valuation of R&D investment during the 1980’s. American Economic Review,83, 259–264. 69.Hall ,B. H. , & Oriani ,R.(2006 ). Does the market value R&D investment by European firms? Evidence from a panel of manufacturing firms in France, Germany, and Italy. International Journal of Industrial Organization, 24, 971 – 993. 70.Hambrick, D.C. & MacMillan , I.C. ( 1985). , Efficiency of Product R&D in Business Units: The Role of Strategic Context. Academy of Management Journal. 71.Harhoff ,D., Narin ,F., Scherer ,F.M., & Vopel ,K. (1999).Citation Frequency and the Value of Patented Inventions. Review of Economics and Statistics, Vol . 81 72.Hart ,O. D.(1983). The Market Mechanism as an Incentive Scheme. Bell Journal of Economics, 14(2), 366-382. 73.Hartzell ,Jay C. & Starks L. T. (2003). Institutional Investors and Executive Compensation. Journal of Finance, 8(6). 74.Hermalin, B., & Weisbach ,M. (1988). The Determinants of Board Composition. RAND Journal of Economics ,19(4), 589-606. 75.Hendricks, Kevin B., Vinod R. Singhal, Rongrong Zhang.( 2009). The effect of operational slack, diversification, and vertical relatedness on the stock market reaction to supply chain disruptions. Journal of Operations Management ,27(3) 233–246. 76. Hill ,C.W. L. & Snell , S. A. (1988). External control, corporate strategy , and firm performance in research-intensive industries. Strategic Management Journal ,9(6), 577–590. 77. Hirshleifer , D., Hsu ,P.H. & Li ,D. ( 2013). Innovative efficiency and stock returns. Journal of Financial Economics ,107 , 632–654. 78. Ikenberry , D., Lakonishok ,J., & Vermaelen ,T. (1995). Market underreaction to open market share repurchases. Journal of Financial Economics 39, 181–208. 79.Jensen ,M. C. & Murphy ,K. J.( 1990). Performance Pay and Top-Management Incentives. Journal of Political Economy ,98(2), 225-264. 80.Jensen ,M. C. (1993). The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems. The Journal of Finance ,48(3), 831–880. 81.Kanagaretnam , K., Lobo ,G. J., & Whalen ,D. J. (2007). Does good corporate governance reduce information asymmetry around quarterly earnings announcements?. Journal of Accounting and Public Policy ,26 , 497–522. 82.Kedia ,S.(2006). Estimating product market competition: Methodology and application . Journal of Banking & Finance ,30, 875–894. 83.Kelm, K. M., Narayanan, V. K. ,& Pinches ,G.E. (1995). Shareholder Value Creation During R & D Innovation and Commercialization Stages. Academy of Management Journal, 38, 770-786. 84.Kortum, S. (1993). Equilibrium R&D and the Patent–R&D Ratio: US Evidence. American Economic Review 83, 450–457. 85.Kortum, S. & Lerner, J. (1999). What is behind the recent surge in patenting?. Research Policy, Elsevier, 28(1), 1-22. 86.La Porta , R., F. Lopez-de-Silanes, & Shleifer , A. (1999).”Corporate Ownership around the World”. Journal of Finance, 54(2), 471-517. 87.La Porta , R., F. L´opez-de-Silanes, Shleifer A., & Vishny , R. W. (2002). Investor protection and corporate valuation. Journal of Finance ,57 (3), 1147–1170. 88.Lanjouw, J. O. & Schankerman , M.(2004). Patent Quality and Research Productivity: Measuring Innovation with Multiple Indicators. Economic Journal, 114 (459), 441-465. 89.Le , S. A. , Walters ,B., & Kroll , M.(2006). The moderating effects of external monitors on the relationship between R&D spending and firm performance. Journal of Business Research ,59, 278 – 287 90.Lee, T. S., & Yeh ,Y. H. (2004), Corporate Governance and Financial Distress: Evidence from Taiwan. Corporate Governance: An International Review ,12(3), 378-388. 91.Lev, B., & Sougiannis ,T. (1996), The capitalization, amortization, and value- relevance of R&D”. Journal of Accounting & Economics ,21, 107–138. 92.Lin, Bou-Wen , Lee ,Y., & Hung , S. C.(2006). R&D intensity and commercialization orientation effects on financial performance. Journal of Business Research ,59 , 679–685. 93.Link, A. N. , & Long , J. E. (1981). The Simple Economics of Basic Scientific Research: A Test of Nelson's Diversification Hypothesis. Journal of Industrial Economics , 30(1), 105-109. 94.Lyon, J. D., Barber ,B. M., & Tsai, C.L. (1999). Improved methods for tests of long-run abnormal stock returns. Journal of Finance, 54,165–201. Mace, M.(1986). Directors: Myth and Reality, Boston: Harvard Business School Press,. 95.McGrath, R. G., Tsai, M. H. , Venkataraman , S. & MacMillan , I. C. (1996). Innovation, Competitive Advantage and Rent: A Model and Test. Management Science 42(3), 389-403. 96.Mahoney, J.T., Pandian, J.R. (1992). The resource-based view within the conversation of strategic management, Strategic Management Journal, 13, 363-380 97.Matolcsy ,Z. P. & Wyatt ,A. (2008) .The Association between Technological Conditions and the Market Value of Equity. Accounting Review, Vol. 83, No. 2, pp. 479-518. 98.Milgrom , P. , & Roberts , J. (1990a). Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities. Econometrica, 58(6) , 1255-1277. 99.Milgrom , P. , & Roberts , J. (1990b) . The Economics of Modern Manufacturing: Technology, Strategy, and Organization. American Economic Review, 80(3), 511-528. 100.Nickell , S. J. (1996). Competition and Corporate Performance. Journal of Political Economy, 104(4),724-746. 101.Pandit, S., Wasley, C. E. and Zach, T. (2011), Information Externalities along the Supply Chain: The Economic Determinants of Suppliers’ Stock Price Reaction to Their Customers’ Earnings Announcements. Contemporary Accounting Research, 28: 1304–1343. 102.Park, B.J., Srivastava, M.K. & Gnyawali, D.R. (2014) . Walking the Tight Rope of Coopetition:Impact of Competition and Cooperation Intensities and Balance on Firm Innovation Performance. Industrial Marketing Management, 43(2), 210-221. 103.Phillips, A.(1966). Patents, Potential Competition, and Technical Progress . American Economic Review, 56(1/2), 301-310. 104.Poldahl, A., and Tingvall, P. (2006) Is there really an inverted U-shaped relationbetween competition and R&D? Economics of Innovation and New Technology,15(2), 101-118. 105.Porter, M.E. ,(1985) .Competitive Advantage, Free Press, New York, 1985. 106.Rani , N., Yadav , S. S. & Jain , P. K.(2013). Impact of Corporate Governance Score on Abnormal Returns of Mergers and Acquisitions. Procedia Economics and Finance ,5 , 637 – 646. 107.Rediker, K.J., & Seth, A. (1995). Boards of Directors and Substitution Effects of Alternative Governance Mechanisms. Strategic Management Journal ,16(2), 85-99. 108.Reinganum, J. (1989). The timing of Innovation: Research, Development and Diffusion. in Schmalensee and Willig (ed) Handbook of Industrial Organization, Amsterdam: Elsevier Science Publishers: 849-908. 109.Ritter , Jay R. (1991). The Long-Run Performance Of Initial Public Offerings . Journal of Finance , 46(1),3-27. 110.Rosenstein, S., & Wyatt, J.G. (1997).Inside Directors, Board Effectiveness,and Shareholder Wealth. Journal of Financial Economics ,44(2), 229-250. 111.Seth, A. (2004). Governance systems in the international context: A comparative analysis and implications for India. In S. Munshi & B. Abraham (Eds.), Good governance, democratic societies and globalisation. New Delhi: Sage. 112.Shleifer , A. & Vishny , R. W.(1989). Management Entrenchment The Case of Manager-Specific Investments. Journal of Financial Economics, 25, 123-139. 113.Shleifer , A. & Vishny , R. W. (1997). A Survey of Corporate Governance. Journal of Finance, 52(2) , 737–783. 114.Sougiannis , T.(1994). The accounting based valuation of corporate R&D . Accounting Review, 69 , 44–68. 115.Stein, J. C. (1988). Takeover Threats and Managerial Myopia. Journal of Political Economy, University of Chicago Press, 96(1), 61-80. 116.Stigler, G. J. (1958). The Economies of Scale. Journal of Law and Economics, 1, 54-71. 117.Sundaram, A.K., T.A. John, & John ,K. (1996). An Empirical Analysis of Strategic Competition and Firm Values: The Case of R&D Competition. Journal of Financial Economics ,40, 459-486. 118.Tirole, J. (1988). The Theory of Industrial Organization. MIT Press. 119.Thomas, W. C., (2002). The rise and fall of Enron. Journal of Accountancy, 193(4),41-45. 120.Tian, G. Y. & Twite , G.(2011). Corporate Governance, External Market Discipline and Firm Productivity. Journal of Corporate Finance, 17(3), 403-417. 121.Trajtenberg , M.(1990). A penny for your quotes:patent citations and the value of innovations. RAND Journal of Economics, 21,172–187. 122.Teoh , S.H., Yang ,Y.,& Zhang ,Y.(2009). R-square and market efficiency. Unpublished working paper. University of California,Irvine. 123.Utterback, J. (1994). Mastering the Dynamics of Innovation. Harvard Business School Press: Boston. 124. Woolridge, J. R. & Snow, C. C.(1990). Stock Market Reaction To Strategic Investment Decisions.Strategic Management Journal, 11, 353-363. 125. Yeh, Y. H. , & Woidtke , T. (2005). Commitment or Entrenchment? Controlling Shareholders and Board Composition. Journal of Banking and Finance ,29(7), 1857-1885. 126. Zhang, X.F.(2006).Information uncertainty and stock returns. Journal of Finance, 61,105–137.
|