SHAREHOLDER VALUE CREATION DURING R&D INNOVATION AND COMMERCIALIZATION STAGES.

Kathryn M. Kelm · Vadake K. Narayanan · George E. Pinches

215 citations0/0 files storedAcademy of Management Journal

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Firm Innovation and Growth Financial Markets and Investment Strategies Innovation and Knowledge Management

Abstract

We examined the impact on the market value of firms' stock of announcements about R&D projects made in the innovation and commercialization stages of the R&D process. Technology- and market-related...

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References

2003The Theory of Economic Development 1983An Evolutionary Theory of Economic Change.1984Corporate financing and investment decisions when firms have information that investors do not have 1992The Cross-Section of Expected Stock Returns 1985Using daily stock returns 1982An evolutionary theory of economic change 1991Efficient Capital Markets: II 1975A dynamic model of process and product innovation

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