the stock market ignores the implications of past successes when valuing future innovation. We show that two firms that …

innovation, it has attracted the attention of regulatory authorities and scholars. Different from the literature that directly … credit ratings invest more in innovation, because the system helps managers identify R&D opportunities, alleviates corporate … discovery can inform tax policy reform, encourage corporate innovation and construct social credit systems. …

This paper introduces a novel firm-level green innovation measure utilizing ClimateBERT and GPT-3 models to analyze … green patent abstracts and earnings call transcripts. Firms with higher green innovation measures experienced lower expected … attention towards green innovation. Green innovators experience a notable value increase in response to the enforcement of more …