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題名 Organizational Form and the Economic Impact of Corporate New Product Strategies
作者 陳聖賢
Chen, Sheng-Syan
貢獻者 財管系
關鍵詞 focused firms; diversified firms; new product introductions; efficient investmenthypothesis; internal capital markets hypothesis
日期 2008
上傳時間 11-Jun-2018 18:01:45 (UTC+8)
摘要 This paper examines the role of organizational form in explaining the economic impact of corporate new product strategies. I find that the wealth effects associated with the announcements of new product introductions are more favorable for introducing firms with focused activities than for those with diversified activities. The results hold even after controlling for other factors suggested in the literature that could affect the value of new product introductions. The findings in this study suggest that the efficient investment hypothesis dominates the internal capital markets hypothesis in terms of the net economic impact of new product introductions on the introducing firms.
關聯 Journal of Business Finance and Accounting, Vol.35, No.1&2, pp.71-101
資料類型 article
DOI http://dx.doi.org/10.1111/j.1468-5957.2007.02058.x
dc.contributor 財管系zh_TW
dc.creator (作者) 陳聖賢zh_TW
dc.creator (作者) Chen, Sheng-Syanen_US
dc.date (日期) 2008
dc.date.accessioned 11-Jun-2018 18:01:45 (UTC+8)-
dc.date.available 11-Jun-2018 18:01:45 (UTC+8)-
dc.date.issued (上傳時間) 11-Jun-2018 18:01:45 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/117568-
dc.description.abstract (摘要) This paper examines the role of organizational form in explaining the economic impact of corporate new product strategies. I find that the wealth effects associated with the announcements of new product introductions are more favorable for introducing firms with focused activities than for those with diversified activities. The results hold even after controlling for other factors suggested in the literature that could affect the value of new product introductions. The findings in this study suggest that the efficient investment hypothesis dominates the internal capital markets hypothesis in terms of the net economic impact of new product introductions on the introducing firms.en_US
dc.format.extent 611204 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of Business Finance and Accounting, Vol.35, No.1&2, pp.71-101zh_TW
dc.subject (關鍵詞) focused firms; diversified firms; new product introductions; efficient investmenthypothesis; internal capital markets hypothesisen_US
dc.title (題名) Organizational Form and the Economic Impact of Corporate New Product Strategiesen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1111/j.1468-5957.2007.02058.x
dc.doi.uri (DOI) http://dx.doi.org/10.1111/j.1468-5957.2007.02058.x