This paper models the interactions among technological innovation, product market competition and information leakage …

This paper models the interactions among technological innovation, product market competition and information leakage …

I theoretically analyze the effects of a strengthening IPR protection and an improvement of technology of innovation of … offshoring on the rate of innovation offshoring, rate of imitation, rate of innovation, relative wages, real wages and domestic … welfare. A North-South dynamic general equilibrium model of trade with endogenous imitation and innovation and production …

their innovation activities in response to the potential entry of direct competitors. We then examine a legal ruling that … firms increased their net innovation activities in response to competitive entry. These effects center on firms with … innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with …

We develop a model in which feedback effects from equity markets to firms' access to external finance allow uninformed …

We analyze, theoretically and empirically, the implications of salience on innovation announcements in the … biopharmaceutical industry. We hypothesize that equity market investors are more likely to pay attention to an innovation announcement … announcement effect, there will be a stock return drift following innovation announcements, with the magnitude of the former …

We analyze, theoretically and empirically, the effect of investor attention on the stock market reaction to innovation … with limited investor attention to show that, following the immediate market reaction to innovation announcements, there … patent grant announcements. We use the media coverage of innovation announcements as a proxy for the investor attention paid …

This paper shows that political capital is an important determinant of corporate investment and innovation. Using …

managerial risk tolerance of innovation investment. Consistent with that, we find that product market power is positively … associated with firm innovation input and output. Additionally, consistent with learning from the leader’s market valuation, we … find that firm innovation is positively and significantly sensitive to market valuation of its product market leader …