R&D investment intensity and jump volatility of stock price

This paper studies the important but unexplored relationship between R&D investment intensity and different components of stock price volatility. The total volatility of stock price is decomposed into a continuous component and a jump component. We find that firms with higher R&D investment...

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Veröffentlicht in:	Review of quantitative finance and accounting 2021-07, Vol.57 (1), p.235-277
Hauptverfasser:	Jiang, Cheng, John, Kose, Larsen, David
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting/Auditing Companies Corporate Finance Econometrics Economics and Finance Finance Investments Liquidity Operations Research/Decision Theory Original Research R&D Research & development Robustness Stock prices Textual analysis Volatility
Online-Zugang:	Volltext
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