2 Ofertas Editorial Universidad De Cantabria Three Essays In | Las mejores ofertas en línea

Brand: Editorial Universidad De Cantabria
EAN: 9788481028775
MPN: 9788481028775
Categoría: Libros y revistas

Libro: Three essays in financial markets (978-84-8102-877-5) de Blanco Sánchez, Iván, Wehrheim, David (Editorial Universidad de Cantabria ) Comprar Libros de Economía .Gestion Financiera .. 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 RD 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. 0
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Brand: Distriforma S.l.
EAN: 9788481028775
Categoría: Libros y revistas

Do Financial Derivatives Enhance Or Impede Innovation? We Aim To Answer This Question By Examining T
Compara precios desde:
Distriforma S.l. in Libros y revistas