We study the effect of analyst coverage on firms' innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms' in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …

We study the effect of analyst coverage on firms’ innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms’ in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …

How analyst coverage may affect corporate innovation remains unclear. We suggest that when the manager is myopic due to … pressure from financial analysts and decides to reduce innovation, the firm should retain better innovation projects and forego …

commercialization not found anywhere else, including whether, when and how (acquisition, licensing, existing or new firm) patents were … innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …

We examine the effects of financial analysts on the real economy in the case of innovation. Our baseline results show … of analyst coverage on firm innovation. The evidence is consistent with the hypothesis that analysts exert too much … possible underlying mechanisms through which analysts impede innovation and show that there is a residual effect of analysts on …

commercialization not found anywhere else, including whether, when and how (acquisition, licensing, existing or new firm) patents were … innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …

of the literature has focused on a relatively narrow type of innovation (i.e. technological innovation), and has instead … paid less attention to hard-to-measure yet important components of the innovation process (e.g., managerial innovation …

with venture capitalists (to improve the innovation outcomes of the mature corporations). Fourth, by using case …