File(s) not publicly available
Innovation and stock prices: a review of some recent work
journal contribution
posted on 2023-06-08, 23:37 authored by Mariana MazzucatoThe paper reviews work which draws a link between the dynamics of innovation and the dynamics of stock prices. One of the key findings is the relationship between innovation intensity (e.g. radical innovation) and the volatility of firm level stock returns. By connecting the analysis of risk and uncertainty' often left in the finance literature to explanations related to 'animal spirits' and other stochastic factors' to changes in real production conditions at the firm and industry level, the paper provides the foundation for a Schumpetarian analysis of time varying risk.
History
Publication status
- Published
Journal
Revue de L'Observatoire Francais de Conjonctures EconomiquesISSN
1265-9576Publisher
Presses de Sciences PoDepartment affiliated with
- SPRU - Science Policy Research Unit Publications
Notes
Special Issue - Industrial dynamics, productivity and growthFull text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2015-12-03Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC