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Published in 2019 at "Research Policy"
DOI: 10.1016/j.respol.2018.10.022
Abstract: Abstract Research and development (R&D) is often essential for firms’ profitability and growth. At the same time, R&D is long-term and risky. We show that innovation activities lead to information ambiguity about the future value…
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Keywords:
information ambiguity;
market value;
information;