Alshammasi, Naji Mohammad; Almomen, Adel Abdulkarim - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-17
that information uncertainty is the channel through which innovation affects idiosyncratic risk. The results are robust for … rents; however, there is limited evidence regarding the impact of innovation on risk. We shed new light on how firms …' involvement in innovation activities impacts their volatility, particularly their idiosyncratic volatility. In this paper, we …