TY - JOUR
T1 - ESOPs and NEW PRODUCT LAUNCH
T2 - CONDITIONAL EFFECTS of FINANCIAL SLACK and OWNERSHIP CONCENTRATION
AU - Agnihotri, Arpita
AU - Bhattacharya, Saurabh
N1 - Publisher Copyright:
© 2020 World Scientific Publishing Europe Ltd.
PY - 2020/4/1
Y1 - 2020/4/1
N2 - 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.
AB - 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.
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U2 - 10.1142/S1363919620500218
DO - 10.1142/S1363919620500218
M3 - Article
AN - SCOPUS:85064649915
SN - 1363-9196
VL - 24
JO - International Journal of Innovation Management
JF - International Journal of Innovation Management
IS - 3
M1 - 2050021
ER -