On the Governance of Innovation: Institutional Ownership vs. Stock Price
Firms can change their outstanding shares to manage their stock price levels. Those with lower stock prices tend to attract more speculative trading, which causes higher price volatility and may force their managers to excessively focus on short-term earnings at the expense of R&D and other long...
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| Format: | Others |
| Language: | en |
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LSU
2015
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| Online Access: | http://etd.lsu.edu/docs/available/etd-01192015-102433/ |