Luo, Danglun; Wu, Zhanfeng; Zhuo, Jingsi; He, Jianmei - In: China journal of accounting research : CJAR 15 (2022) 3, pp. 1-21
, we find that estimated stock overvaluation in China is strongly negatively associated with corporate innovation …, conforming to our "risk-aversion" hypothesis. In China, misvaluation affects innovation via finance and management behavior …