Now showing items 1-2 of 2

    • Did Bank Distress Stifle Innovation during the Great Depression? 

      Nanda, Ramana; Nicholas, Thomas (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 

      Cohen, Lauren Harry; Diether, Karl; Malloy, Christopher James (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 ...