This study develops procedures for selecting and partitioning samples of high-technology
firms for North American Industry Classification System (NAICS), Global Industry …

The growth of technological firms is based on the exploitation of innovative products and
services thus forcing them to strongly invest in research and development (R&D). If the R&D …

The sensitivity of stock options' payoff to return volatility, or vega, provides risk-averse CEOs
with an incentive to increase their firms' risk more by increasing systematic rather than …

This study contributes to the low-carbon city (LCC) related literature by providing causal
evidence on the impact of carbon reduction regulation on firm risk. Using staggered …

Using returns to scale as a conceptual foundation, we explore how R&D-related earnings
performance and earnings variability depend upon firm size. We find that the positive …

Research summary: Many studies use research and development (R & D) intensity or R & D
spending as a proxy for risk taking, but we have little evidence that either associates …

The empirical evidence suggests that firms in high-tech industries exhibit high stock return
volatility. In this paper, we conceive of the R&D investment intensity as a possible …

Firm entry promotes the overall vitality and potential of an economy. We examine how
political uncertainty, proxied by local government official turnover, affects firm entry in China …

This paper is based on agency theory, resource-based and upper-echelons perspectives to
examine the relationship between R&D investment and capital structure and the moderating …

Recent theoretical models (Carlson, Fisher, and Giammarino, 2004) predict an association
between the book‐to‐market equity ratio (BE/ME) and operating leverage in the cross …