European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending
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EU countries closely regulate pharmaceutical prices whereas the U.S. does not. This paper shows how price constraints affect the profitability, stock returns, and R&D spending of EU and U.S. firms. Compared to EU firms, U.S. firms are more profitable, earn higher stock returns, and spend more on
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美国国家经济研究局创建时间：
2006-11-01
