Three Essays on the Strategic Behavior of Partially-regulated Firms PDF Download
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Author: Leslie Margaret Schenk
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 278
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Book Description
Author: Leslie Margaret Schenk
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 278
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Book Description
Author: Byung-Cheol Kim
Publisher:
ISBN:
Category : Consumer protection
Languages : en
Pages : 250
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Book Description
Author: Alexei Boulatov
Publisher:
ISBN:
Category :
Languages : en
Pages : 328
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Book Description
Author: William Martín Tracy
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 320
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Book Description
Author: Sungcheon Kang
Publisher:
ISBN:
Category :
Languages : en
Pages : 294
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Book Description
Author: Dae-Wook Kim
Publisher:
ISBN:
Category :
Languages : en
Pages : 238
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Book Description
Author: Jeffrey Robert Church
Publisher:
ISBN:
Category :
Languages : en
Pages : 222
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Author:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 776
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Book Description
Author: Chanho Song
Publisher:
ISBN:
Category :
Languages : en
Pages : 378
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Book Description
Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
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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.
