Gharbi, Sami; Sahut, Jean-Michel; Teulon, Frédéric - Institut de Préparation à l'Administration et à la … - 2014
This paper examines the link between research and development (R&D) and idiosyncratic volatility for a panel of large French quoted companies. We investigate whether the intensity of R&D investment makes the firm’s stocks riskier. We suggest that R&D activities generate information asymmetry...