University of Sussex
Browse

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 Mazzucato
The 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 Economiques

ISSN

1265-9576

Publisher

Presses de Sciences Po

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Notes

Special Issue - Industrial dynamics, productivity and growth

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2015-12-03

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC