College
College of Business
Department
Accounting and Finance
Date
4-2026
Faculty Mentor
Schmutz, Bryan
Abstract
This project examines the relationship between R&D investment and stock returns in pharmaceutical and medical device companies. By comparing these two industries, it explores whether higher returns are linked to risk or to mispricing caused by uncertainty and limited information. The findings aim to shed light on how markets value innovation.
Recommended Citation
Finnegan, Joseph, "R&D Anomaly: The Affect of R&D Investment on Market Return in The Pharmaceutical and Medical Device Fields" (2026). Student Work - College of Business. 3.
https://digitalcommons.law.wne.edu/cobstudent/3
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