How Imitations Impact on R&D Behaviors

摘要：

Technology innovations are important for firms to compete in the market, whereas spillovers are unavoidable. The research issue of this article is how imitations impact on R&D behaviors. This article develops a model for valuing R&D projects with imitations. In this model, the real option method is implemented for R&D valuation, the catastrophic events in R&D investments are concerned, and the Longstaff-Schwartz model is used for simulation. Lastly, in order to confirm the effect of different factors on R&D investments, sensitivity analyses for each key factor are also made.

关键词： R&D imitation real option stochastic process

作者: LI Zhiwei

作者单位: Department of Accounting, Xiamen University Xiamen, Fujian Province, China

会议类型: 国际会议

会议名称: 第一届国际计算机新科技与教育学术会议(Proceedings of the First International Conference on Computer Science & Education ICCSE2006)

会议地点: 厦门

会议语种:英文

页码: 218-223

在线出版日期: 2006-07-27（万方平台首次上网日期，不代表论文的发表时间）