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    政大機構典藏 > 商學院 > 會計學系 > 期刊論文 >  Item 140.119/63975
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/63975


    Title: Does Innovation Matter to Conference Calls?
    Authors: Chin, Chen-Lung;Lee, Picheng;Wang, Ping-Wen;Kleinman, G.
    金成隆;李丕正;王品文
    Contributors: 會計系
    Keywords: Conference calls;innovation, research and development;patent value;patents;intellectual property
    Date: 2007-05
    Issue Date: 2014-02-18 17:16:34 (UTC+8)
    Abstract: The main purpose of this study is to investigate whether the likelihood, frequency and
    information content of conference calls are positively associated with innovation. The
    study is based on 534 conference calls conducted in 340 firm-years from 1997 to 2001 in
    Taiwan. Our findings indicate that more innovative firms are more likely to conduct
    conference calls and conduct them more frequently than less innovative firms.
    Consistent with prior research, high growth firms and larger firms are more likely to hold
    conference calls, and hold them more frequently, than other firms. Low price-earnings
    firms are nonetheless more likely and frequent to host conference calls when their stock
    price has been undervalued. We also find supporting evidence that cumulative abnormal
    returns surrounding the event dates of conference calls are positively associated with the
    level of and change in innovation investments. In addition, our empirical results of
    market reaction driven by conference calls are still robust after controlling the effect of
    selection bias, market expectation, and timing of conducting conference calls. Finally, we
    also find that firms that more innovative firms are more likely to discuss innovation
    activities during conference calls.
    Relation: IEEE Transactions on Engineering Management, 54(4), 1-18
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1109/TEM.2007.906841
    DOI: 10.1109/TEM.2007.906841
    Appears in Collections:[會計學系] 期刊論文

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