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Journal of Economics and Finance

Erschienen in:

23.09.2016

Market share, firm innovation, and idiosyncratic volatility

verfasst von: Frederick Adjei, Mavis Adjei

Erschienen in: Journal of Economics and Finance | Ausgabe 3/2017

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Abstract

In this study, we reexamine the link between a firm’s market share and its idiosyncratic volatility. Contrary to extant research, we find that market share is not a determinant of idiosyncratic volatility. Innovative firms continuously innovate resulting in an increase in market share. However, high market share firms may not necessarily increase investment in innovative ventures to maintain market share. Hence an increase in market share does not necessarily lead to an increase in a firm’s idiosyncratic risk.

Vorheriger Artikel An economic analysis of the trial penalty: a comparative analysis of three alternative trial settings

Nächster Artikel An examination of the REIT return–implied volatility relation: a frequency domain approach

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Titel: Market share, firm innovation, and idiosyncratic volatility
verfasst von: Frederick Adjei
Mavis Adjei
Publikationsdatum: 23.09.2016
Verlag: Springer US
Erschienen in: Journal of Economics and Finance / Ausgabe 3/2017
Print ISSN: 1055-0925
Elektronische ISSN: 1938-9744
DOI: https://doi.org/10.1007/s12197-016-9371-9

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