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003			ZW-GwMSU
005			20240408091519.0
008			240408b |||||||| |||| 00| 0 eng d
022			_a0148558X
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHF5601 JOU
100	1		_aSougiannis, Theodore _eauthor
245	1	0	_aDiscussion of “The effect of research and development (R&D) inputs and outputs on the relation between the uncertainty of future operating performance and R&D expenditures”/ _ccreated by Theodore Sougiannis
264	1		_aThousand Oaks: _bSage, _c2011.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of accounting, auditing and finance _vVolume 26, number 1
520	3		_aPandit, Wasley, and Zach (2011) examine whether both research and development (R&D) input (R&D expenditures) and output measures (patent counts and citations) and their interaction associate with the level and variability of future earnings and operating cash flows. The associations examined contribute to the literature because they help determine whether the relationship between firm-level innovation and operating performance is conditional on the success of a firm’s R&D efforts. The conditioning is important because it can sort out more successful from less successful R&D firms. In my discussion, I focus on the models employed and on the empirical results. Some results are consistent with expectations and some other results are not. I think that the mixed results are due to the models employed and I make some suggestions for model improvements.
650			_aResearch and development
856			_uhttps://doi.org/10.1177/0148558X11400584
942			_2lcc _cJA
999			_c164681 _d164681