{"id":"https://openalex.org/W1964848870","doi":"https://doi.org/10.1108/14757700610668967","title":"Effect of R&D investments on persistence of abnormal earnings","display_name":"Effect of R&D investments on persistence of abnormal earnings","publication_year":2006,"publication_date":"2006-04-01","ids":{"openalex":"https://openalex.org/W1964848870","doi":"https://doi.org/10.1108/14757700610668967","mag":"1964848870"},"language":"en","primary_location":{"id":"doi:10.1108/14757700610668967","doi":"https://doi.org/10.1108/14757700610668967","is_oa":false,"landing_page_url":"https://doi.org/10.1108/14757700610668967","pdf_url":null,"source":{"id":"https://openalex.org/S95074589","display_name":"Review of Accounting and Finance","issn_l":"1475-7702","issn":["1475-7702","1758-7700"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Accounting and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032805131","display_name":"Sharad C. Asthana","orcid":"https://orcid.org/0000-0002-7086-6219","observed_orcids":["https://orcid.org/0000-0002-7086-6219"]},"institutions":[{"id":"https://openalex.org/I84392919","display_name":"Temple University","ror":"https://ror.org/00kx1jb78","country_code":"US","type":"education","lineage":["https://openalex.org/I84392919"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Sharad C. Asthana","raw_affiliation_strings":["Department of Accounting, Fox School of Business and Management, Temple University, Philadelphia, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Fox School of Business and Management, Temple University, Philadelphia, USA","institution_ids":["https://openalex.org/I84392919"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5063649822","display_name":"Yinqi Zhang","orcid":"https://orcid.org/0000-0001-5839-2105","observed_orcids":["https://orcid.org/0000-0001-5839-2105","https://orcid.org/0000-0003-4775-5147"]},"institutions":[{"id":"https://openalex.org/I84392919","display_name":"Temple University","ror":"https://ror.org/00kx1jb78","country_code":"US","type":"education","lineage":["https://openalex.org/I84392919"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Yinqi Zhang","raw_affiliation_strings":["Department of Accounting, Fox School of Business and Management, Temple University, Philadelphia, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Fox School of Business and Management, Temple University, Philadelphia, USA","institution_ids":["https://openalex.org/I84392919"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I84392919"],"apc_list":null,"apc_paid":null,"fwci":5.2089,"has_fulltext":false,"cited_by_count":33,"citation_normalized_percentile":{"value":0.95793791,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"5","issue":"2","first_page":"124","last_page":"139"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.888700008392334,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.888700008392334,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.07020000368356705,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.00800000037997961,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/r-d-intensity","display_name":"R&D intensity","score":0.9089999794960022},{"id":"https://openalex.org/keywords/abnormal-earnings","display_name":"abnormal earnings","score":0.7979999780654907},{"id":"https://openalex.org/keywords/earnings-persistence","display_name":"earnings persistence","score":0.9890000224113464},{"id":"https://openalex.org/keywords/firm-r-d-investment","display_name":"firm R&D investment","score":0.8349999785423279},{"id":"https://openalex.org/keywords/entry-barriers","display_name":"barriers to entry","score":0.6489999890327454},{"id":"https://openalex.org/keywords/competition","display_name":"competition","score":0.4440000057220459},{"id":"https://openalex.org/keywords/r-d-risk","display_name":"R&D risk","score":0.7319999933242798},{"id":"https://openalex.org/keywords/ohlson-model","display_name":"Ohlson model","score":0.8019999861717224},{"id":"https://openalex.org/keywords/herfindahl-hirschman-index","display_name":"Herfindahl-Hirschman index","score":0.8199999928474426}],"concepts":[{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.762679934501648},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6856791973114014},{"id":"https://openalex.org/C2781009140","wikidata":"https://www.wikidata.org/wiki/Q7170389","display_name":"Persistence (discontinuity)","level":2,"score":0.6289281249046326},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.5659283399581909},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5204527378082275},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.4919528663158417},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4540749788284302},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4179021418094635},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3349887728691101},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.10378926992416382},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09980085492134094},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C187320778","wikidata":"https://www.wikidata.org/wiki/Q1349130","display_name":"Geotechnical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/14757700610668967","doi":"https://doi.org/10.1108/14757700610668967","is_oa":false,"landing_page_url":"https://doi.org/10.1108/14757700610668967","pdf_url":null,"source":{"id":"https://openalex.org/S95074589","display_name":"Review of Accounting and Finance","issn_l":"1475-7702","issn":["1475-7702","1758-7700"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Accounting and Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:rafpps:14757700610668967","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/14757700610668967/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:rafpps:v:5:y:2006:i:2:p:124-139","doi":null,"is_oa":false,"landing_page_url":"http://www.emeraldinsight.com/Insight/viewContentItem.do;jsessionid=0EB7F1BEA16A797DD11F0552D8E511FC?contentType=Article&contentId=1556675","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":28,"referenced_works":["https://openalex.org/W1489741075","https://openalex.org/W1524748736","https://openalex.org/W1539631699","https://openalex.org/W1585078080","https://openalex.org/W1977704037","https://openalex.org/W1983789677","https://openalex.org/W2010743243","https://openalex.org/W2018130045","https://openalex.org/W2018680825","https://openalex.org/W2030121826","https://openalex.org/W2036323865","https://openalex.org/W2044854242","https://openalex.org/W2053426470","https://openalex.org/W2057770688","https://openalex.org/W2072792116","https://openalex.org/W2081756118","https://openalex.org/W2090758019","https://openalex.org/W2104795328","https://openalex.org/W2108818539","https://openalex.org/W2154398438","https://openalex.org/W2156576580","https://openalex.org/W2164067187","https://openalex.org/W2314389038","https://openalex.org/W3122984618","https://openalex.org/W3123059183","https://openalex.org/W6631438414","https://openalex.org/W7136153405","https://openalex.org/W7137327978"],"related_works":["https://openalex.org/W3123771888","https://openalex.org/W4318066593","https://openalex.org/W2931878807","https://openalex.org/W1489140348","https://openalex.org/W4404772890","https://openalex.org/W2790305289","https://openalex.org/W2126311521","https://openalex.org/W2094820886","https://openalex.org/W2971870658","https://openalex.org/W2158969154"],"abstract_inverted_index":{"Purpose":[0],"This":[1],"paper":[2],"sets":[3],"out":[4],"to":[5,41,103,131,185],"test":[6],"the":[7,43,68,82,97,110,113,191],"effects":[8],"of":[9,17,61,109,115,136,150,175,193],"firms\u2019":[10,50],"and":[11,36,51,119,153],"industry's":[12],"R&D":[13,53,90,100,121,128,144,167,176],"intensity":[14,122,168,177],"on":[15,33,38,71],"persistence":[16,60,73,106,181],"abnormal":[18,62],"earnings.":[19,63],"Design/methodology/approach":[20],"Ohlson's":[21],"valuation":[22],"model":[23,187],"is":[24,169],"used":[25],"with":[26,30,59,171],"pooled":[27],"regressions":[28,35],"along":[29],"Fama\u2013Macbeth":[31],"methodology":[32],"yearly":[34],"partitioning":[37],"Herfindahl":[39],"index":[40],"conduct":[42],"tests.":[44],"Findings":[45],"It":[46],"was":[47],"found":[48],"that":[49,67,96,108],"industries\u2019":[52],"intensities":[54],"are":[55],"both":[56,117],"positively":[57],"correlated":[58,170,194],"The":[64,94],"evidence":[65],"suggests":[66,112],"positive":[69],"effect":[70,84],"earnings":[72,105,124,172,180],"caused":[74],"by":[75,86,160,189],"R&D's":[76],"effectiveness":[77],"in":[78,123,143,156,178],"mitigating":[79],"competition":[80,132,158],"dominates":[81],"negative":[83],"brought":[85],"more":[87],"risk":[88],"from":[89,148],"projects":[91],"Practical":[92],"implications":[93],"fact":[95],"firm's":[98,120,140],"own":[99,141],"investment":[101,129,142],"leads":[102,130],"incremental":[104],"beyond":[107],"industry":[111,118,127],"importance":[114],"incorporating":[116],"persistence.":[125],"While":[126],"mitigation":[133,159],"via":[134],"creation":[135],"entry":[137],"barriers,":[138],"a":[139],"differentiates":[145],"its":[146,151],"products":[147],"those":[149],"competitors,":[152],"thereby":[154],"results":[155],"further":[157],"creating":[161],"replacement":[162],"barriers.":[163],"Originality/value":[164],"Finally,":[165],"since":[166],"persistence,":[173],"inclusion":[174],"future":[179],"studies":[182],"may":[183],"lead":[184],"better":[186],"specification":[188],"reducing":[190],"problem":[192],"omitted":[195],"variables.":[196]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}