|
|
|
|
| LEADER |
01867cas a2200265 a 4500 |
| 001 |
AALejournalIMF017710 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781484303726
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a He, Hui.
|
| 245 |
1 |
0 |
|a Does the Stock Market Boost Firm Innovation? :
|b Evidence from Chinese Firms /
|c Hui He, Hanya Li, Jinfan Zhang.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
|
| 300 |
|
|
|a 1 online resource (56 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO) using uniquely matched Chinese firm-level data. We find that IPOs lead to an increase in both the quantity and quality of firm innovation activity. In addition, IPOs expand a firm's scope of innovation beyond its core business. The impact of IPOs on firm innovation varies across financial constraints, corporate governance, and ownership structures. Our results further illustrate that IPOs induce a firm to increase the number of inventors and enable better retention of existing inventors after the IPO. Finally, we show that the enhanced innovation activity resulting from IPOs increases a firm's Tobin's Q in the long run.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Li, Hanya.
|
| 700 |
1 |
|
|a Zhang, Jinfan.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2017/147
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/147/001.2017.issue-147-en.xml
|z IMF e-Library
|