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政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/117568

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/117568

Title:	Organizational Form and the Economic Impact of Corporate New Product Strategies
Authors:	陳聖賢 Chen, Sheng-Syan
Contributors:	財管系
Keywords:	focused firms;diversified firms;new product introductions;efficient investmenthypothesis;internal capital markets hypothesis
Date:	2008
Issue Date:	2018-06-11 18:01:45 (UTC+8)
Abstract:	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.
Relation:	Journal of Business Finance and Accounting, Vol.35, No.1&2, pp.71-101
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/j.1468-5957.2007.02058.x
DOI:	10.1111/j.1468-5957.2007.02058.x
Appears in Collections:	[財務管理學系] 期刊論文

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