Innovation and stock market performance: A model with ambiguity-averse agents
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DOI: 10.1007/s00191-017-0537-1
Abstract: Empirical evidence on stock prices shows that firms investing successfully in radical innovation experience higher stock returns. This paper provides a model that sheds light on the relationship between the degree of firm innovativeness and… read more here.
Keywords: innovation stock; innovation; model; ambiguity ... See more keywords