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Financial Innovation

Table 3 Correlations between financing and investment

From: The effect of option trading

 

CapEx

R&D

Aqc

Total investment

Equity issuance

Debt issuance

Total issuance

CapEx

       

R&D

0.016***

      

Aqc

0.028***

− 0.011*

     

Total investment

0.459***

0.598***

0.669***

    

Equity issuance

0.112***

0.159***

0.037***

0.168***

   

Debt issuance

0.199***

0.111***

0.400***

0.418***

0.368***

  

Total issuance

0.132***

0.165***

0.089***

0.215***

0.992***

0.482***

 
  1. * denotes significance at the 10% level
  2. *** denotes significance at the 1% level
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