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R&D investments and high-tech firms' stock return volatility

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  • Sami Gharbi
  • Jean-Michel Sahut
  • Frédéric Teulon

Abstract

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 explanation for the stock volatility behavior in these

Suggested Citation

  • Sami Gharbi & Jean-Michel Sahut & Frédéric Teulon, 2014. "R&D investments and high-tech firms' stock return volatility," Working Papers 2014-218, Department of Research, Ipag Business School.
    • Handle: RePEc:ipg:wpaper:2014-218
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    10. Barros, Victor & Verga Matos, Pedro & Miranda Sarmento, Joaquim & Rino Vieira, Pedro, 2023. "High-tech firms: Dividend policy in a context of sustainability and technological change," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    11. Hamim, Md. Tanvir, 2020. "R&D Investments and Idiosyncratic Volatility," MPRA Paper 101330, University Library of Munich, Germany.
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    Keywords

    R&D; Idiosyncratic idiosyncratic volatility; Riskrisk; Asymmetric asymmetric information; Stock stock return; Innovationinnovation; Highhigh-tech firms;
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