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The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets)

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  • Iuliana-Ioana Purcarea

    (Academy of Economic Studies, Bucharest)

  • Ion Stancu

    (Academy of Economic Studies, Bucharest)

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.

Suggested Citation

  • Iuliana-Ioana Purcarea & Ion Stancu, 2008. "The Influence of R&D Policy on Performance of the Companies Listed with Bucharest Stock Exchange (through Intangible Assets)," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 9(9(526)), pages 03-10, September.
    • Handle: RePEc:agr:journl:v:9(526):y:2008:i:9(526):p:03-10
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    Cited by:

    1. Burja Vasile & Burja Camelia, 2017. "Financial Performance And The Business Risk In Agricultural Sector Of Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 75-82, June.
    2. Camelia Burja Decemrie, 2011. "Factors Influencing The Companies' Profitability," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-3.
    3. Botoc Claudiu, 2013. "Profitability - Capital Structure Trade Off: Case Of Publicly Romanian Companies," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 969-975, July.
    4. Silviu Constantin NASTASIA & Diana Elena TOMA (NASTASIA) & Anca VRÃŽNCEANU, 2018. "Factors Affecting the Performance of Small and Medium-Sized Enterprises in Romania," Book chapters-LUMEN Proceedings, in: Tomita CIULEI & Gabriel GORGHIU (ed.), CATES 2017, edition 1, volume 4, chapter 18, pages 183-191, Editura Lumen.
    5. Camelia Burja, 2011. "Patrimonial Resources Management And The Economic Performance Of Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(13), pages 1-1.
    6. Valentina Diana Rusu & Angela Roman, 2017. "Economic Performance of the SME sector in CEE Countries: an Empirical Investigation," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(3), pages 102-114, JUNE.

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