We view innovation investment as a real option and explore the implications of ambiguity (Knightian uncertainty) and … risk for innovation decisions. Our analysis uses a risk measure and a new outcome-independent measure of ambiguity. We find …. We also find a significant positive effect of risk on R&D, but the effect of risk on patents and citations is negative …

aims at changing behavior associated with carbon-intensive goods that are often subject to bounded rationality and social …

This study provides evidence that firms adapt to macroeconomic, real, or financial economic uncertainty by decreasing … factors such as earnings pressure from myopic investors. The negative relationship with uncertainty is exaggerated by … greatly dampened during periods of high economic uncertainty …

which individuals are nodes and the relationships between them are ties. In particular, graph theory is used in literature … Schumpeter's definition): from interaction between consumers and firms innovation emerges as a relational good …