Theoretical and Applied Economics
No. 9 / 2008 (526)
The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets)
Ion Stancu
Academia de Studii Economice, Bucuresti
Abstract. In the new economy, R&D potential of the companies (reflected by intangible assets) tends to make the difference between competing enterprises. Although investing in tangible assets is still viewed as important, the researchers have discovered that investors on capital market tend to buy stocks of the high-tech companies promoting a policy of increasing R&D expenditures.
The results of the present study on the Romanian economy reveals the correlation between the variation of intangible assets of the chemicals and pharmaceuticals companies (high-tech) and their performance – reflected by EPS and PER coefficients.
Contents
The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets)
Controversies on the Central Bank Main Objective of Price Stability
Management of Portfolio Investment Held by Pension Funds
The State – between Crisis and Reform
Applying the Dufournaud econometric model to the determination of the prices dynamics impact over the national economy and over its main vulnerable sectors in connection with the Romanian national economy specificity
The Municipal Bonds – the Cause and the Effect of the Local Financial Decentralisation Growth. Romanian Case
Romanian Insurance Market Facing Globalization Process
Tax Implication of Structuring and Financing Mergers and Acquisitions