Libros > Three essays in financial markets. The bright side of financial derivatives: options trading and firm innovation
Portada de Three Essays In Financial Markets. the Bright Side of Financial Derivatives: Options Trading and Firm Innovation

Three Essays In Financial Markets. the Bright Side of Financial Derivatives: Options Trading and Firm Innovation

Autores:Wehrheim, David; Blanco, Iván;
Categoría:
ISBN: 9788481028775
Editorial Universidad de Cantabria nos ofrece Three Essays In Financial Markets. the Bright Side of Financial Derivatives: Options Trading and Firm Innovation , disponible en nuestra tienda desde el 15 de Febrero del 2019. Este libro cuenta con un total de 86 páginas (1).
Leer argumento »
Ver todas las novedades de libros »

Argumento de Three Essays In Financial Markets. the Bright Side of Financial Derivatives: Options Trading and Firm Innovation

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.0
Ultimacomic es una marca registrada por Ultimagame S.L - Ultimacomic.com y Ultimagame.com pertenecen a la empresa Ultimagame S.L - Datos Fiscales: B92641216 - Datos de Inscripción Registral: Inscrita en el Registro Mercantíl de Málaga, TOMO: 3815. LIBRO: 2726. FOLIO: 180. HOJA: MA-77524.
2003 - 2019, COPYRIGHT ULTIMAGAME S.L. - Leer esta página significa estar deacuerdo con la Política de privacidad y de uso