Toivanen, Otto; Stoneman, Paul; Bosworth, Derek - In: Oxford Bulletin of Economics and Statistics 64 (2002) 1, pp. 39-61
Using a new data set covering a sample of UK firms, 1989-1995, we study the impact of innovation and innovation assets on firm value. We find, for all reporting firms, that the now of R&D and the use of new technologies (as measured by investment in tangible assets) have significant positive...