@article{ART002167484},
author={posang lee},
title={Stock Market reaction of disclosure of technological information and R&D intensity},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2016},
volume={21},
number={11},
pages={151-158}
TY - JOUR
AU - posang lee
TI - Stock Market reaction of disclosure of technological information and R&D intensity
JO - Journal of The Korea Society of Computer and Information
PY - 2016
VL - 21
IS - 11
PB - The Korean Society Of Computer And Information
SP - 151
EP - 158
SN - 1598-849X
AB - This study analyzes the stock market reaction of disclosure of technological information using events which are collected in the Korean stock market for the thirteen-year period between January 2002 and December 2014. We find that abnormal return on the disclosure day of full sample firms is positive and statistically significant. However, abnormal return of high R&D intensity subsample is a larger positive number than that of the low one. Using a longer window, it shows that low R&D intensity negatively decreases the long term performance after the adoption of new technological information. The empirical evidence of the studying is expected to serve as a good judging guide-line for the investors.
KW - technological Information;disclosure effect;Stock return;R&D;announcement
DO -
UR -
ER -
posang lee. (2016). Stock Market reaction of disclosure of technological information and R&D intensity. Journal of The Korea Society of Computer and Information, 21(11), 151-158.
posang lee. 2016, "Stock Market reaction of disclosure of technological information and R&D intensity", Journal of The Korea Society of Computer and Information, vol.21, no.11 pp.151-158.
posang lee "Stock Market reaction of disclosure of technological information and R&D intensity" Journal of The Korea Society of Computer and Information 21.11 pp.151-158 (2016) : 151.
posang lee. Stock Market reaction of disclosure of technological information and R&D intensity. 2016; 21(11), 151-158.
posang lee. "Stock Market reaction of disclosure of technological information and R&D intensity" Journal of The Korea Society of Computer and Information 21, no.11 (2016) : 151-158.
posang lee. Stock Market reaction of disclosure of technological information and R&D intensity. Journal of The Korea Society of Computer and Information, 21(11), 151-158.
posang lee. Stock Market reaction of disclosure of technological information and R&D intensity. Journal of The Korea Society of Computer and Information. 2016; 21(11) 151-158.
posang lee. Stock Market reaction of disclosure of technological information and R&D intensity. 2016; 21(11), 151-158.
posang lee. "Stock Market reaction of disclosure of technological information and R&D intensity" Journal of The Korea Society of Computer and Information 21, no.11 (2016) : 151-158.
