Author: Daniel NepelskiPublisher:
ISBN:
Category :
Languages : en
Pages : 141
Book Description
Three Essays on Competition and Innovation
Author: Daniel NepelskiThree Essays on Competition Policy and Innovation
Author: David PinchThree Essays on Competition Policy and Innovation Incentives
Author: Robin KleerThree Essays on Antitrust and Innovation
Author: Donald Karl StockdalePublisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 288
Book Description
Three Essays on Innovation and Entrepreneurship
Author: Sang Kyun Kim (Ph. D.)Publisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 118
Book Description
Essays in Competition and Innovation
Author: Gordon Jochem KleinThree Essays on Competition and Interactions
Author: Jaesoo KimPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 212
Book Description
Three Essays on Industrial Innovation
Author: Chun-gyŏng PakThree Essays on Competition Economics
Author: Ke LiuThree Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation
Author: Iván Blanco Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
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.