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This paper models the interactions among technological innovation, product market competition and information leakage …
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consequences for market values of innovation-driven firms. Although a substantial body of literature demonstrates that new product …
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Purpose: The purpose of this paper is to examine the immediate effect of different types of business model innovation … market data was then matched with secondary data, outlining the firms' business model innovation behavior. Findings: Our …/Implications: The study is one of the few that connects business model innovation with stock market performance and thus contributes to …
Persistent link: https://www.econbiz.de/10012217097
and technology innovation. Investor's reactions are measured using cumulative abnormal returns (CAR) with (−5,+5) and (−2 … of a new product and system and technology innovation rather than when it is still under the planning or development …
Persistent link: https://www.econbiz.de/10014500785
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This study examines the relationship between the market value of the firm and part of its intangible capital. Two types of intangible capital are investigated: the flow of R&D expenditures and a measure of R&D stock. The paper analyses the empirical results in each national context which is...
Persistent link: https://www.econbiz.de/10013092013
risks of corporate innovation from bondholders' perspective. We find that firm-level innovation performance — measured in … costs of innovation, and by cross-sectional tests based on exogenous shocks from state-level R&D tax credits …
Persistent link: https://www.econbiz.de/10012975354
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