Market share, firm innovation, and idiosyncratic volatility

被引：0

作者：

Adjei F. ^{[1
]}

Adjei M. ^{[2
]}

机构：

[1] Economics and Finance Department, Southeast Missouri State University, Cape Girardeau

[2] Marketing Department, Southern Illinois University Carbondale, Carbondale

来源：

Journal of Economics and Finance | 2017年 / 41卷 / 3期

关键词：

Firm innovation; Idiosyncratic volatility; Market share;

D O I：

10.1007/s12197-016-9371-9

中图分类号：

学科分类号：

摘要：

In this study, we reexamine the link between a firm’s market share and its idiosyncratic volatility. Contrary to extant research, we find that market share is not a determinant of idiosyncratic volatility. Innovative firms continuously innovate resulting in an increase in market share. However, high market share firms may not necessarily increase investment in innovative ventures to maintain market share. Hence an increase in market share does not necessarily lead to an increase in a firm’s idiosyncratic risk. © 2016, Springer Science+Business Media New York.

引用

页码：569 / 580

页数：11

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