Gharbi, Sami; Sahut, Jean-Michel; Teulon, Frédéric - Institut de Préparation à l'Administration et à la … - 2014
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 … positive relationship between stock return volatility and R&D investment intensity. This finding suggests that R&D intensive …