Financial statement analysis and predictions of stock returns using alternative return measures size control

학위논문(박사)--서울大學校 大學院 :經營學科 經營學專攻,1995.Docto

Effectiveness of the Research and Development (R&D) Tax Credit

This paper analyses the tax effect of the R&D tax credit by examining the effectiveness and the R&D tax credit using 1982~2000 data. The results indicate that the R&D tax credit is effective in encouraging research investment during the periods in the R&D tax credit ratio changes, period 1 (1986~1992) and period 2 (1993~2000). Additionally, even in the samples which need the resource allocation decision between R&D and capital spending the result is not changed