Purpose: The purpose of this paper is to examine the immediate effect of different types of business model innovation behavior by US listed technology firms on the market performance of equity securities, in this case the share prices of the firms in question. Design/Methodology/Approach: This...

Technological revolutions are often accompanied by substantial stock price reversals, but previous literature has produced competing explanations for why this is the case. This paper brings new evidence to this debate using data from the innovation-driven British Bicycle Mania of 1895-1900, in...