A Importância da I&D e da Variedade de Capitalismo na Capitalização em Bolsa: Evidência Econométrica das Maiores Empresas Europeias em 2008
[Importance of R&D and Variety of Capitalism in Market Capitalization: Econometric Evidence from the Major European Companies in 2008]
The article discusses the factors influencing the market capitalization of a company. Using data on the thousand largest companies in Europe, taken from the 2009 EU Industrial R&D Investment Scoreboard, the analysis focuses on the impacts of net sales value of each company, investment in research and development and the number of employees in the valuation of the company in the stock markets. In parallel, there is also tested how the institutional architecture of an economy affects the capitalization of companies in financial markets. The linear regression model estimated suggests the central importance of sales but indicates that the R&D also impacts in the phenomenon studied. Firm size has a negligible explanatory power. There is evidence that companies from liberal market economies have higher growth rates in financial markets.
|Date of creation:||30 Oct 2010|
|Date of revision:||30 Oct 2010|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bruno AMABLE (Université Paris I and CEPREMAP) & Yannick LUNG (GREThA-GRES), 2008.
"The European Socio-Economic Models of a Knowledge-based society. Main findings and conclusions,"
Cahiers du GRES (2002-2009)
2008-20, Groupement de Recherches Economiques et Sociales.
- Yannick Lung & Bruno Amable, 2008. "The European Socio-Economic Models of a Knowledge-based society. Main findings and conclusion," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00387535, HAL.
- Jean-Philippe BERROU (CED, IFReDE-GRES) & Christophe CARRINCAZEAUX (E3i, IFReDE-GRES), 2005. "Diversity of capitalism and Central and Eastern European Countries. A statistical analysis. (In French)," Cahiers du GRES (2002-2009) 2005-18, Groupement de Recherches Economiques et Sociales.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:27192. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.