| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Ho, Kim Wai | en_US |
| dc.creator (作者) | Ik, Kueh Hwa | en_US |
| dc.date (日期) | 2005-05 | |
| dc.date.accessioned | 15-Jun-2018 12:13:13 (UTC+8) | - |
| dc.date.available | 15-Jun-2018 12:13:13 (UTC+8) | - |
| dc.date.issued (上傳時間) | 15-Jun-2018 12:13:13 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117782 | - |
| dc.description.abstract (摘要) | We find that, on average, rivals of firms announcing new products experience a significantly negative wealth effect. We also show that rivals in technologically based industries experience the most significantly unfavorable effect. Rivals` share price response is more unfavorable when the wealth effect on the announcers is larger and when frequent announcers introduce new products. Smaller rivals and those with better investment opportunities also are more adversely affected. Further, highly leveraged rivals, especially those in concentrated industries, experience a greater wealth loss. However, we find that rivals` wealth effects are more favorable when the products introduced are very new. | en_US |
| dc.format.extent | 433180 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Business, Vol.78, No.3, pp.969-996 | zh_TW |
| dc.title (題名) | The Wealth Effect of New Product Introductions on Industry Rivals | en_US |
| dc.type (資料類型) | article | |
