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https://hdl.handle.net/20.500.12540/700| Title: | The Impact of Research and Development Investment on Stock Performance of Automotive Industry Company in China | Authors: | Zhou, Yitong | Issue Date: | 2022 | Source: | Zhou, Y. (2022). The Impact of Research and Development Investment on Stock Performance of Automotive Industry Company in China [Unpublished bachelor's thesis]. Wenzhou-Kean University. | Abstract: | This paper mainly studies whether the stocks of Chinese automotive companies will be affected by changes in the company's Research and development (R&D) investment. The regression model is used to analyze the correlation between R&D investment and stock performance of 61 listed auto industry companies in China from 2011 to 2020. The results show that when the company's R&D investment increases, the company have greater stock performance both on annual stock return and excess stock return. The company with higher total assets and leverage have a positive impact of R&D investment on stock return than lower one. And there is a certain lag in the impact of R&D investment on stock returns. | URI: | https://hdl.handle.net/20.500.12540/700 |
| Appears in Collections: | Theses and Dissertations |
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| wku_etd001_cbpm01_000602.pdf | 754.43 kB | Adobe PDF |  View/Open |
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