24.The Impact of R&D Investment on Firm Value of Game Companies

Title(KR)

• 게업체의 연구개발 투자가 기업가치에 미치는 영향

Title(ENG)

• The Impact of R&D Investment on Firm Value of Game Companies

Keywords(KR)

• Game Industry, R&D Investments, Firm Value

Keywords(ENG)

• Game Industry, R&D Investments, Firm Value

Author

• Ho Jin Jeon

Abstract(ENG)

This paper empirically studies R&D investment and firm value in game companies. Found the following results First, the empirical results show that negative relation between R&D investment absolute scale and firm value. On the other hand, an increase in R&D intensity has simultaneously positive relations with firm value. On an existing research, we can conjecture that game companies should increase its R&D intensity rather than R&D investment absolute. Couldn´t find significant results when it comes to long term performance of R&D. In light of these, can be inferred that R&D investments affect more short term than long term firm value in game industry.

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