ESOPs and NEW PRODUCT LAUNCH: CONDITIONAL EFFECTS of FINANCIAL SLACK and OWNERSHIP CONCENTRATION

Arpita Agnihotri, Saurabh Bhattacharya

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

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.

Original languageEnglish (US)
Article number2050021
JournalInternational Journal of Innovation Management
Volume24
Issue number3
DOIs
StatePublished - Apr 1 2020

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation

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