R&D investments and high-tech firms' stock return volatility

Sami Gharbi, Jean-Michel Sahut and Frédéric Teulon

No 2014-218, Working Papers from Department of Research, Ipag Business School

Abstract: The empirical evidence suggests that firms in high-tech industries exhibit high stock return volatility. In this paper, we conceive of the R&D investment intensity as a possible explanation for the stock volatility behavior in these

Keywords: R&D; Idiosyncratic idiosyncratic volatility; Riskrisk; Asymmetric asymmetric information; Stock stock return; Innovationinnovation; Highhigh-tech firms (search for similar items in EconPapers)
Pages: 15 pages
Date: 2014-01-01
New Economics Papers: this item is included in nep-cfn, nep-cta, nep-fmk, nep-ino, nep-sbm and nep-tid
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Citations: View citations in EconPapers (21)

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