Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation PDF full book. Access full book title Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation by Iván Blanco . Download full books in PDF and EPUB format.
Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
Get Book Here
Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
Get Book Here
Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Author: Sang-yŏng Chu
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
Get Book Here
Book Description
Author: Moonsuk Oh
Publisher:
ISBN:
Category :
Languages : en
Pages : 362
Get Book Here
Book Description
Author: Tse-Chun Lin
Publisher: Rozenberg Publishers
ISBN: 9036101514
Category :
Languages : en
Pages : 146
Get Book Here
Book Description
Author: Baden Powell
Publisher:
ISBN:
Category :
Languages : en
Pages : 612
Get Book Here
Book Description
Author: Albrecht Ritschl
Publisher: Wipf and Stock Publishers
ISBN: 1725213109
Category : Religion
Languages : en
Pages : 310
Get Book Here
Book Description
What accounts for Albrecht Ritschl's profound effect on modern theology? Philip Hefner proposed that he so energetically brought together in his work the elements of his generation, that all theology now stands on his shoulders. Many theologians have attacked Ritschl's ideas, others vigorously defend him, but all must confront him. The essays presented here will enable students and scholars to experience the force of Ritschl's writing for themselves. Ritschl was born in 1822 into the intellectual, social, and ecclesiastical elite of Berlin. After finishing his studies at the University of Tuebingen, he taught at Bonn for eighteen years and at Goettingen for twenty-five. Hefner shows that Ritschl spoke a word to his own age that was so appropriate and so in resonance with his contemporaries in Germany that despite its weaknesses it became the dominant theology of his generation. Ritschl's impact can be traced to three major factors: forceful statement of Christian faith, positive link to tradition, and scientific method. He exhibited a remarkable combination of scholarly integrity and devotion to the Christian life, as seen in his ten-year study of pietism - a movement he opposed. His theology also contributed to much that followed, including historical-critical studies and dialectical theology. These essays offer a balanced sample of Ritschl's thinking. In the Prolegomena to 'The History of Pietism' he establishes his method of studying different confessions on the basis of Christian lifestyle. Theology and Metaphysics offers his celebrated rejection of metaphysics in favor of a christocentric approach. Instruction in the Christian Religion, the writing that won for Ritschl his popularity among students, sets forth his specific doctrinal beliefs. Today's students will discover that Ritschl is both an intriguing historical figure and a thinker worth grappling with. These essays, along with Philip Hefner's extensive introduction, provide needed material for a reevaluation of Ritschl and of nineteenth century theology.
Author: sir Louis Antoine A.G. De Verteuil
Publisher:
ISBN:
Category :
Languages : en
Pages : 316
Get Book Here
Book Description
Author: Clifford Geertz
Publisher:
ISBN:
Category : Social Science
Languages : en
Pages : 510
Get Book Here
Book Description
Author: Christian Funke
Publisher: Springer Science & Business Media
ISBN: 3834998141
Category : Business & Economics
Languages : en
Pages : 123
Get Book Here
Book Description
Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customer and supplier firms. The empirical investigations document return predictability and show that capital markets are not perfectly efficient.
Author: Etienne Gilson
Publisher: Wipf and Stock Publishers
ISBN: 1666717924
Category : Religion
Languages : en
Pages : 197
Get Book Here
Book Description
A medievalist and defender of the notion of Christian philosophy, Étienne Gilson had a lifelong interest in the philosophy of art. He questioned whether what is reproduced as art in contemporary society is art at all. This is not a simple issue. A cheap version of a novel is still a novel. A picture of a statue is not a statue, nor indeed is a photograph of a painting a painting. Recorded music has particular complications. The organizer of an industrial assembly line is neither an artist nor an artisan. Yet, thanks to such mass production, a much broader population has knowledge of artworks than would otherwise be possible. Religions must minister to mass societies and provide appropriate liturgies. But in the process, there is a danger of misrepresenting complex religious teachings. At the end of his own life, Henri Gouhier, Gilson’s first doctoral student, prepared three essays on Gilson. The first, on Bergson, gives a sense of Gilson’s formation in early twentieth-century French philosophy. The second reconstructs the development of the notion of Christian philosophy and the heated controversy it provoked. Finally, Gouhier presents Gilson’s general philosophy of art and gives a helpful framework to Gilson’s comments on art in a mass society.
