Publisher's Synopsis
Corporate Financial Policy and R&D Management, Second Edition analyzes the factors affecting research and development (R&D) expenditures for U.S. corporations between 1971 and 2003, and the impact these expenditures have had on stockholder wealth creation. This comprehensive book also offers a framework for understanding the interdependence between key elements, along with financial modeling techniques and other valuable tools for making vital resource allocation decisions. Drawing from updated and more complete databases than the landmark first edition, and now offering a companion website with case studies and analysis, this new edition explores: Ratio analysis Profits and financial risk Statistical analysis, modeling, and simultaneous equations Modern Portfolio Theory and multi-factor risk models The optimization of efficient portfolios Potential added risks and returns of socially responsible investing Corporate Financial Policy and R&D Management, Second Edition provides financial professionals with the updated tools and knowledge necessary to simultaneously manage dividends, capital expenditures, and R&D activitiesall while generating profits and keeping external funding under control.
