Browsing by Keyword "r&d"
Now showing items 1-2 of 2
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Did Bank Distress Stifle Innovation during the Great Depression?
(Elsevier BV, 2014-11)We find a negative relationship between bank distress and the level, quality, and trajectory of firm-level innovation during the Great Depression, particularly for R&D firms operating in capital intensive industries. ... -
Misvaluing Innovation
(2012-12-07)We demonstrate that a firm’s ability to innovate is predictable, persistent, and relatively simple to compute, and yet the stock market ignores the implications of past successes when valuing future innovation. We show ...