臺大管理論叢第31卷第2期

181 NTU Management Review Vol. 31 No. 2 Aug. 2021 Brown, J. R., Martinsson, G., and Petersen, B. C. 2012. Do financing constraints matter for R&D?. European Economic Review, 56 (8): 1512-1529. ________. 2017. What promotes R&D? Comparative evidence from around the world. Research Policy, 46 (2): 447-462. Buckley, J., and Shang, Y. 2002. Estimating policy and program effects with observational data: The “differences-in-differences” estimator. Practical Assessment, Research, and Evaluation: Vol. 8, Article 24. Bushee, B. J. 1998. The influence of institutional investors on myopic R&D investment behavior. The Accounting Review, 73 (3): 305-333. Caliendo, M., and Kopeinig, S. 2008. Some practical guidance for the implementation of propensity score matching. Journal of Economic Surveys, 22 (1): 31-72. Carboni, O. A. 2011. R&D subsidies and private R&D expenditures: Evidence from Italian manufacturing data. International Review of Applied Economics, 25 (4): 419439. Cerulli, G., and Potì, B. 2012. Evaluating the robustness of the effect of public subsidies on firms’ R&D: An application to Italy. Journal of Applied Economics, 15 (2): 287-320. Chan, L. K. C., Lakonishok, J., and Sougiannis, T. 2001. The stock market valuation of research and development expenditures. The Journal of Finance, 56 (6): 24312456. Chang, H. Y., Liang, W. L., and Wang, Y. 2019. Do institutional investors still encourage patent-based innovation after the tech bubble period?. Journal of Empirical Finance, 51: 149-164. Chang, X., Fu, K., Low, A., and Zhang, W. 2015. Non-executive employee stock options and corporate innovation. Journal of Financial Economics, 115 (1): 168-188. Chen, H. C. 2013. The impact of effective tax rate and R&D outlays on the implementation of biotech and new pharmaceutical development act of biotechnology pharmaceutical industries in Taiwan. Unpublished master’s thesis, Department of Accounting, Soochow University, Taipei, Taiwan.(陳欣喬,2013,生技新 藥產業發展條例對生藥產業有效稅率與研發支出影響之研究,東吳大學會 計學研究所未出版之碩士論文,臺北,臺灣。) Chen, S. S., Chen, Y. S., Liang, W. L., and Wang, Y. 2013. R&D spillover effects and firm performance following R&D increases. Journal of Financial and Quantitative Analysis, 48 (5): 1607-1634.

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