Chun, Hyunbae; Kim, Jung-Wook; Morck, Randall; Yeung, … - In: Journal of Financial Economics 89 (2008) 1, pp. 109-135
Traditional U.S. industries with higher firm-specific stock return and fundamentals performance heterogeneity use information technology (IT) more intensively and post faster productivity growth in the late 20th century. We argue that this mechanically reflects a wave of Schumpeter's creative...