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

Arpita Agnihotri, Saurabh Bhattacharya

Research output: Contribution to journalArticle

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)
JournalInternational Journal of Innovation Management
DOIs
StatePublished - Jan 1 2019

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Personnel
Industry
Product launch
Stock options
New products
Ownership concentration
Employees
Business groups
Financial slack
New product introduction
Evaluation theory
Risk propensity

All Science Journal Classification (ASJC) codes

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

Cite this

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