Browsing HBS Scholarly Articles by Author "Diether, Karl"

Now showing items 1-3 of 3

    • Legislating Stock Prices 

      Cohen, Lauren Harry; Diether, Karl; Malloy, Christopher James (Elsevier, 2013-10-03)
      We demonstrate that legislation has a simple, yet previously undetected impact on stock prices. Exploiting the voting record of legislators whose constituents are the affected industries, we show that the votes of these ...

    • Legislating Stock Prices 

      Cohen, Lauren Harry; Diether, Karl; Malloy, Christopher James (2012-08-07)
      In this paper we demonstrate that legislation has a simple, yet previously undetected impact on firm stock prices. While it is understood that the government and firms have an important relationship, it remains difficult ...

    • 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 ...