Author: Daniel Nepelski
Publisher:
ISBN:
Category :
Languages : en
Pages : 141
Book Description
Three Essays on Competition and Innovation
Three Essays on Competition Policy and Innovation
Three Essays on Competition Policy and Innovation Incentives
Three Essays on Antitrust and Innovation
Author: Donald Karl Stockdale
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 288
Book Description
Publisher:
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
Publisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 118
Book Description
Essays in Competition and Innovation
Three Essays on Competition and Interactions
Author: Jaesoo Kim
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 212
Book Description
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 212
Book Description
Three Essays on Industrial Innovation
Three Essays on Competition Economics
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.
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.