Product market competition, R&D investment, and stock returns

By L. Gu. 2016

262 citations recorded by the source corpus.

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CEO Duality, Agency Costs, and Internal Capital Allocation Efficiency (2019, unknown): “Equity-based compensation is known to attenuate agency costs by reducing the non-value-maximizing behaviour of managers (Shleifer and Vishny, 1989), and to promote collaboration in large diversified firms (Oxley and Pandher, 2016).”
Do women managers keep firms out of trouble? Evidence from corporate litigation and policies (2019, background): “Moreover, prior literature shows that product market competition affects the incentive to invest in R&D and the valuation of R&D (see, e.g., Aghion et al. (2005), Gu (2016)).”
Digital Financial Inclusion and Sustainable Growth of Small and Micro Enterprises—Evidence Based on China’s New Third Board Market Listed Companies (2020, background): “The limited and unstable cash flow generated in the innovation process of the company is not enough to maintain the capital demand of the innovation project, and the enterprise may be hit by random cash flow at any time, thus affecting the sustainable growth of the enterprise [50].”