Technology spillovers have previously been shown to positively affect a firm's market value and innovation activities …. We build on this literature by showing that value-relevant information from technology spillovers significantly reduces … potential endogeneity. We further demonstrate two likely channels for the crash risk-reducing effect of technology spillovers …

Recent studies proposed news about future technology growth as the main driver of macroeconomic fluctuations. The …

valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …

metropolitan area and country. A general equilibrium model demonstrates that an aggregate positive technology shock increases stock …

I use a Bayesian vector autoregressive (VAR) model to investigate the impact of monetary and technology shocks on the … euro area stock market in 1987-2005. I find an important role for technology shocks, but not monetary shocks, in explaining … variations in real stock prices. The identification method is flexible enough to study the effects of technology news shocks. The …