Author: Qifeng WengPublisher:
ISBN:
Category :
Languages : en
Pages : 85
Book Description
Three Essays on Financial Econometrics and Patents
Author: Qifeng WengThree Essays in Financial Econometrics
Author: Paskalis Teodoros GlabadanidisPublisher:
ISBN:
Category :
Languages : en
Pages : 360
Book Description
Three 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.
Three Essays on Financial Econometrics and Empirical Finance
Author: Long KangThree Essays in Financial Economics
Author: Biplab K. GhoshThree Essays in Financial Economics
Author: Andrey Dmitrievich UkhovPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Three Essays in Financial Economics
Author: Rajiv SobtiThree Essays in Financial Econometrics
Author: Chi Wan CheangThree Essays in Financial Economics
Author: Flávio AulerPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 186
Book Description
Three Essays on Financial Economics
Author: Gustavo Da Silva Cortes GoncalvesPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description