ESOPs AND NEW PRODUCT LAUNCH: CONDITIONAL EFFECTS OF FINANCIAL SLACK AND OWNERSHIP CONCENTRATION

被引：1

作者：

Agnihotri, Arpita ^{[1
]}

Bhattacharya, Saurabh ^{[2
]}

机构：

[1] Penn State Harrisburg, 777 W Harrisburg Pike, Middletown, PA 17057 USA

[2] Newcastle Univ, Business Sch, 5 Barrack Rd, Newcastle Upon Tyne NE1 4SE, Tyne & Wear, England

来源：

INTERNATIONAL JOURNAL OF INNOVATION MANAGEMENT | 2020年 / 24卷 / 03期

关键词：

Stock options; emerging markets; business group; financial slack; new product; RESEARCH-AND-DEVELOPMENT; COGNITIVE EVALUATION THEORY; BUSINESS GROUPS; CORPORATE GOVERNANCE; FIRM PERFORMANCE; EMERGING MARKETS; STOCK-OPTIONS; INNOVATION; COMPENSATION; PAY;

D O I：

10.1142/S1363919620500218

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Basing on risk propensity and cognitive evaluation theory, this study explores the relationship between stock options and new product launch. A study based on archival data of 273 group affiliated Indian firms for 3 years demonstrates that the rate of new product introduction is a function of stock options provided to employees. Furthermore, ownership concentration of business groups and financial slack moderate this relationship.

引用

页数：21

共 8 条

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[2] New product launch strategy for network effects products
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[8] The Effects of Financial Leverage to Investment Expenditure Under the Background of Ownership Concentration Based on Empirical Data in Real Estate Companies
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