EconPapers    
Economics at your fingertips  
 

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

Arpita Agnihotri () and Saurabh Bhattacharya
Additional contact information
Arpita Agnihotri: Penn State Harrisburg, 777 W Harrisburg Pike, Middletown, PA 17057, USA
Saurabh Bhattacharya: Newcastle University Business School, 5 Barrack Rd, Newcastle Upon Tyne NE1 4SE, UK

International Journal of Innovation Management (ijim), 2019, vol. 24, issue 03, 1-21

Abstract: 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.

Keywords: Stock options; emerging markets; business group; financial slack; new product (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/abs/10.1142/S1363919620500218
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijimxx:v:24:y:2019:i:03:n:s1363919620500218

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1363919620500218

Access Statistics for this article

International Journal of Innovation Management (ijim) is currently edited by Joe Tidd

More articles in International Journal of Innovation Management (ijim) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

 
Page updated 2025-03-20
Handle: RePEc:wsi:ijimxx:v:24:y:2019:i:03:n:s1363919620500218