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A Case Study Of Statistical Relations Between Initial Public Offering Firms (Ipo) Accounting Performance And R & D Investment In Korea

Author

Listed:
  • Weon Jae Kim

    (Professor of the Dept. of International Business University of Incheon, Korea.)

Abstract

This paper deals with the evaluation of financial performance of the randomly selected 100 Korean IPO firms, including 15 energy- saving ones, for the coming 3 years through some statistical tests as a functio n of R & D investment made for the previous 3 years before their IPOs. The followings are main hypotheses: 1. The statistical tests for change in annual sales volume and total stock value over that in R & D investment made previous 3- year before IPO are hypothesized to result in a positive relationship. Specifically, the R & D investment is hypothesized to show a prolonged effect in the firms accounting perform ance for many years after IPO. If the statistical tests result in positive with a satisfactory significance level, the firms with R&D investment are recommended to evaluate their financial performance based not on single - term but multi -term.

Suggested Citation

  • Weon Jae Kim, 2012. "A Case Study Of Statistical Relations Between Initial Public Offering Firms (Ipo) Accounting Performance And R & D Investment In Korea," Far East Journal of Psychology and Business, Far East Research Centre, vol. 8(3), pages 43-52, August.
    • Handle: RePEc:fej:articl:v:8b:y:2012:i:3:p:43-52
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    More about this item

    Keywords

    Financial Performance; IPO Firms; R & D Investment; Abnormal Earnings Effect;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

    Statistics

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