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Is Firm-Level Clean or Dirty Innovation Valued More?
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Is Firm-Level Clean or Dirty Innovation Valued More? (2019)Is Firm-Level Clean or Dirty Innovation V…Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2016)Carbon Taxes, Path Dependency…The environment and directed technical change (2012)The environment and directed …Market value and patent citations (2005)Market value and patent citat…A tale of two market failures: Technology and environmental policy (2005)A tale of two market failures…The Stock Market Valuation of Research and Development Expenditures (2001)The Stock Market Valuation of…The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools (2001)The NBER Patent Citation Data…Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not) (2000)Protecting Their Intellectual…Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms (1999)Market Share, Market Value an…CORPORATE SOCIAL PERFORMANCE AND ORGANIZATIONAL ATTRACTIVENESS TO PROSPECTIVE EMPLOYEES. (1997)CORPORATE SOCIAL PERFORMANCE …A RESOURCE-BASED PERSPECTIVE ON CORPORATE ENVIRONMENTAL PERFORMANCE AND PROFITABILITY. (1997)A RESOURCE-BASED PERSPECTIVE …The Impact of Environmental Management on Firm Performance (1996)The Impact of Environmental M…The capitalization, amortization, and value-relevance of R&D (1996)The capitalization, amortizat…Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm? (1995)Tightening Environmental Stan…Earnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…A General Equilibrium Approach To Monetary Theory (1969)A General Equilibrium Approac…The role of AI capabilities in environmental management: Evidence from USA firms (2024)The role of AI capabilities i…Knowledge spillovers between clean and dirty technologies: Evidence from the patent citation network (2024)Knowledge spillovers between …Scientific contributions on cleaner production through the use of patent information: A bibliometric analysis (2023)Scientific contributions on c…Does environmental regulation promote green technological innovation of companies? Evidence from green patents of Chinese listed companies (2023)Does environmental regulation…A Penny for Your Quotes: Patent Citations and the Value of Innovations (1990)Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations (1993)The Increasing Dominance of Teams in Production of Knowledge (2007)Necessity as the mother of ‘green’ inventions: Institutional pressures and environmental innovations (2012)Technological Innovation, Resource Allocation, and Growth* (2017)Can Patents Deter Innovation? The Anticommons in Biomedical Research (1998)The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979-1995 (2001)Absorptive Capacity: A Review, Reconceptualization, and Extension (2002)Links and Impacts: The Influence of Public Research on Industrial R&D (2002)KEEPING AN EYE ON THE MIRROR: IMAGE AND IDENTITY IN ORGANIZATIONAL ADAPTATION. (1991)PEOPLE AND ORGANIZATIONAL CULTURE: A PROFILE COMPARISON APPROACH TO ASSESSING PERSON-ORGANIZATION FIT (1991)Organizational Images and Member Identification (1994)Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility (2001)Corporate Social and Financial Performance: A Meta-Analysis (2003)Signaling Theory: A Review and Assessment (2010)Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms (1985)Valuation effects of security offerings and the issuance process (1986)It's not Easy Being Green (1994)Relationships between operational practices and performance among early adopters of green supply chain management practices in Chinese manufacturing enterprises (2004)Do green supply chains lead to competitiveness and economic performance? (2005)Corporate green bonds (2021)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Capital markets research in accounting (2001)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Patent Statistics as Economic Indicators: A Survey (1990)The Knowledge Economy (2004)Identifying Technology Spillovers and Product Market Rivalry (2013)Innovation and Growth in the Global Economy. (1993)Endogenous Growth Theory (1999)The Economics of Climate Change: The Stern Review (2007)What Do We Learn from the Weather? The New Climate-Economy Literature (2014)Financing Innovation: Evidence from R&D Grants (2017)A resource‐based view of the firm (1984)PERFORMANCE, SLACK, AND RISK TAKING IN ORGANIZATIONAL DECISION MAKING. (1986)A Natural-Resource-Based View of the Firm (1995)Corporate Social Responsibility: A Theory of the Firm Perspective (2001)Misery Loves Companies: Rethinking Social Initiatives by Business (2003)Information Technology and the U.S. Economy (2001)Nursery Cities: Urban Diversity, Process Innovation, and the Life Cycle of Products (2001)Does female representation in top management improve firm performance? A panel data investigation (2012)
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References

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  • 1995Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?1,748 cited
  • 2001The Stock Market Valuation of Research and Development Expenditures1,734 cited
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  • 1999Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms

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1,657 cited
  • 2016Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry1,596 cited
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