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dc.contributor.authorPua, John Guo Hao.en_US
dc.contributor.authorLee, Shu Ren.en_US
dc.contributor.authorWong, Ming Xu.en_US
dc.description.abstractThis academic study seeks to explore the role of behavioral finance in influencing R&D spending decision in the U.S. We analyze 5,581 firm-years of R&D data for firms listed in the U.S. S&P 500 index for the period 1966-2004. Specifically, we wish to investigate the impact investors' sentiment has on corporate R&D expense. The significant results indicate that managers increase their R&D expenditure in response to a bullish market. Similarly, R&D activity declines when the market is bearish. The contribution of our study therefore highlights the presence of the interaction of investor sentiment and R&D spending activity.en_US
dc.rightsNanyang Technological Universityen_US
dc.titleThe impact of investor sentiment on corporate research and development : an empirical study.en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorSen, Nilanjanen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
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Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)
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