메뉴 건너뛰기




Volumn 17, Issue 4, 2008, Pages 779-811

Innovation and idiosyncratic risk: An industry- and firm-level analysis

Author keywords

[No Author keywords available]

Indexed keywords

HIGH TECHNOLOGY INDUSTRY; INFORMATION TECHNOLOGY; INNOVATION; RESEARCH AND DEVELOPMENT; RISK ASSESSMENT; SCIENCE AND TECHNOLOGY;

EID: 49149110500     PISSN: 09606491     EISSN: 14643650     Source Type: Journal    
DOI: 10.1093/icc/dtn024     Document Type: Article
Times cited : (45)

References (42)
  • 1
    • 49149099974 scopus 로고    scopus 로고
    • The Analyst Handbook. Purchased summary editions from 1995 and 2001. Standard and Poor's: New York.
    • The Analyst Handbook. Purchased summary editions from 1995 and 2001. Standard and Poor's: New York.
  • 3
    • 0033482066 scopus 로고    scopus 로고
    • Technological competition and the structure of the computer industry
    • Bresnahan, T. F. and S. Greenstein (1997), 'Technological competition and the structure of the computer industry,' Journal of Industrial Economics, 47(1), 1-40.
    • (1997) Journal of Industrial Economics , vol.47 , Issue.1 , pp. 1-40
    • Bresnahan, T.F.1    Greenstein, S.2
  • 4
    • 84897079438 scopus 로고
    • The lagrange multiplier test and its applications to model specification in econometrics
    • Breusch, T. S. and A. R. Pagan (1980), 'The lagrange multiplier test and its applications to model specification in econometrics,' Review of Economic Studies, 47(1), 239-253.
    • (1980) Review of Economic Studies , vol.47 , Issue.1 , pp. 239-253
    • Breusch, T.S.1    Pagan, A.R.2
  • 7
    • 0002519023 scopus 로고    scopus 로고
    • Have individual stocks become more volatile? an empirical exploration of idiosyncratic risk
    • Campbell, J. Y., M. Lettau, B. G. Malkiel and Y. Xu (2001), 'Have individual stocks become more volatile? an empirical exploration of idiosyncratic risk,' Journal of Finance, 56, 1-43.
    • (2001) Journal of Finance , vol.56 , pp. 1-43
    • Campbell, J.Y.1    Lettau, M.2    Malkiel, B.G.3    Xu, Y.4
  • 8
    • 49049143130 scopus 로고
    • The stochastic behavior of common stock variances: Value, leverage and interest rate effects
    • Christie, A. (1982), 'The stochastic behavior of common stock variances: value, leverage and interest rate effects,' Journal of Financial Economics, 10, 407-432.
    • (1982) Journal of Financial Economics , vol.10 , pp. 407-432
    • Christie, A.1
  • 9
    • 49149120216 scopus 로고    scopus 로고
    • Compustat Database (2001), Standard and Poor's: New York.
    • Compustat Database (2001), Standard and Poor's: New York.
  • 10
    • 84960599683 scopus 로고
    • Gross job creation, gross job destruction, and employment reallocation
    • Davis, S. J. and J. Haltiwanger (1992), 'Gross job creation, gross job destruction, and employment reallocation,' Quarterly Journal of Economics, 107, 819-864.
    • (1992) Quarterly Journal of Economics , vol.107 , pp. 819-864
    • Davis, S.J.1    Haltiwanger, J.2
  • 11
    • 0008549755 scopus 로고
    • Princeton University Press: Princeton, NJ
    • Duffie, D. (1992), Dynamic Asset Pricing. Princeton University Press: Princeton, NJ.
    • (1992) Dynamic Asset Pricing
    • Duffie, D.1
  • 13
    • 84993924525 scopus 로고
    • Measuring and testing the impact of news on volatility
    • Engle, R. F. and V. K. Ng (1993), 'Measuring and testing the impact of news on volatility,' Journal of Finance, 48, 1022-1082.
    • (1993) Journal of Finance , vol.48 , pp. 1022-1082
    • Engle, R.F.1    Ng, V.K.2
  • 14
    • 45149140983 scopus 로고
    • Asset pricing with a FACTOR-ARCH covariance structure: Empirical estimates for treasury bills
    • Engle, R. F., V. K. Ng and M. Rothschild (1990), 'Asset pricing with a FACTOR-ARCH covariance structure: Empirical estimates for treasury bills,' Journal of Econometrics, 45, 213-237.
    • (1990) Journal of Econometrics , vol.45 , pp. 213-237
    • Engle, R.F.1    Ng, V.K.2    Rothschild, M.3
  • 15
    • 0004167497 scopus 로고    scopus 로고
    • European Commission , EC: Luxembourg
    • European Commission (1996), Green Paper on Innovation. EC: Luxembourg.
    • (1996) Green Paper on Innovation
  • 16
    • 0000603525 scopus 로고    scopus 로고
    • The nature and effects of technological change over the industry life cyle
    • Filson, D. (2001), 'The nature and effects of technological change over the industry life cyle,' Review of Economic Dynamics, 4(2), 460-494.
    • (2001) Review of Economic Dynamics , vol.4 , Issue.2 , pp. 460-494
    • Filson, D.1
  • 18
    • 80051704214 scopus 로고
    • Time paths in the diffusion of product innovations
    • Gort, M. and S. Klepper (1982), 'Time paths in the diffusion of product innovations,' Economic Journal, 92, 630-653.
    • (1982) Economic Journal , vol.92 , pp. 630-653
    • Gort, M.1    Klepper, S.2
  • 19
    • 0039613915 scopus 로고    scopus 로고
    • The IT revolution and the stock market
    • Greenwood, J. and B. Jovanovic (1999), 'The IT revolution and the stock market,' American Economic Review, 89(2), 116-122.
    • (1999) American Economic Review , vol.89 , Issue.2 , pp. 116-122
    • Greenwood, J.1    Jovanovic, B.2
  • 22
    • 0003338428 scopus 로고
    • A treatise on probability
    • D. Moggridge ed, MacMillan Press: London
    • Keynes, J. M. (1973), 'A treatise on probability,' in D. Moggridge (ed.), The Collected Writings of John Maynard Keynes. Vol. 8, MacMillan Press: London.
    • (1973) The Collected Writings of John Maynard Keynes , vol.8
    • Keynes, J.M.1
  • 25
    • 0030544384 scopus 로고    scopus 로고
    • The effect of uncertainty on investment: Some stylized facts
    • Leahy, J. V. and T. M. Whited (1996), 'The effect of uncertainty on investment: Some stylized facts,' Journal of Money, Credit and Banking, 28(1), 64-83.
    • (1996) Journal of Money, Credit and Banking , vol.28 , Issue.1 , pp. 64-83
    • Leahy, J.V.1    Whited, T.M.2
  • 26
    • 0000423634 scopus 로고
    • Sectoral shifts and cyclical unemployment
    • Lilien, D. (1982), 'Sectoral shifts and cyclical unemployment,' Journal of Political Economy, 90, 777-793.
    • (1982) Journal of Political Economy , vol.90 , pp. 777-793
    • Lilien, D.1
  • 29
    • 0036272823 scopus 로고    scopus 로고
    • The PC industry new economy or early life-cycle
    • Mazzucato, M. (2002), 'The PC industry new economy or early life-cycle,' Review of Economic Dynamics, 5, 318-345.
    • (2002) Review of Economic Dynamics , vol.5 , pp. 318-345
    • Mazzucato, M.1
  • 30
    • 0033248596 scopus 로고    scopus 로고
    • Stock market volatility and market share instability during the US auto industry life-cycle
    • Mazzucato, M. and W. Semmler (1999), 'Stock market volatility and market share instability during the US auto industry life-cycle,' Journal of Evolutionary Economics, 9(1), 67-96.
    • (1999) Journal of Evolutionary Economics , vol.9 , Issue.1 , pp. 67-96
    • Mazzucato, M.1    Semmler, W.2
  • 31
    • 49149122723 scopus 로고    scopus 로고
    • Open University Working
    • Paper 53
    • Mazzucato, M. and M. Tancioni (2007), 'Stock price volatility and patent citation dynamics: The case of pharma-biotech,' Open University Working Paper 53.
    • (2007)
    • Mazzucato, M.1    Tancioni, M.2
  • 33
    • 84934095602 scopus 로고
    • On patents, R&D, and the stock market rate of return
    • Pakes, A. (1985), 'On patents, R&D, and the stock market rate of return,' Journal of Political Economy, 93(2), 390-409.
    • (1985) Journal of Political Economy , vol.93 , Issue.2 , pp. 390-409
    • Pakes, A.1
  • 34
    • 0142250349 scopus 로고    scopus 로고
    • Stock market valuation and learning about profitability
    • Pastor, L. and P. Veronesi (2003), 'Stock market valuation and learning about profitability,' Journal of Finance, 58, 1749-1789.
    • (2003) Journal of Finance , vol.58 , pp. 1749-1789
    • Pastor, L.1    Veronesi, P.2
  • 36
    • 0003846462 scopus 로고
    • Sectoral patterns of technical change: Towards a taxonomy and a theory
    • Pavitt, K. (1984), 'Sectoral patterns of technical change: Towards a taxonomy and a theory,' Research Policy, 13, 342-373.
    • (1984) Research Policy , vol.13 , pp. 342-373
    • Pavitt, K.1
  • 37
    • 0001241910 scopus 로고
    • Risk, inflation and the stock market
    • Pindyck, R. (1984), 'Risk, inflation and the stock market,' American Economic Review, 74, 334-351.
    • (1984) American Economic Review , vol.74 , pp. 334-351
    • Pindyck, R.1
  • 38
    • 8344227559 scopus 로고    scopus 로고
    • Economic insecurity and the globalization of production
    • Scheve, K. and M. J. Slaughter (2004), 'Economic insecurity and the globalization of production,' American Journal of Political Science 48(4), 662-674.
    • (2004) American Journal of Political Science , vol.48 , Issue.4 , pp. 662-674
    • Scheve, K.1    Slaughter, M.J.2
  • 39
    • 49149112660 scopus 로고    scopus 로고
    • Schumpeter, J. A. (1975), Capitalism, Socialism and Democracy. Harper: New York (original 1942).
    • Schumpeter, J. A. (1975), Capitalism, Socialism and Democracy. Harper: New York (original 1942).
  • 40
    • 0000893807 scopus 로고
    • Do stock prices move too much to be justified by subsequent changes in dividends
    • Shiller, R. J. (1981), 'Do stock prices move too much to be justified by subsequent changes in dividends,' American Economic Review, 71 421-435.
    • (1981) American Economic Review , vol.71 , pp. 421-435
    • Shiller, R.J.1
  • 41
    • 0004179594 scopus 로고    scopus 로고
    • Princeton University Press: Princeton
    • Shiller, R. J. (2000), Irrational Exuberance. Princeton University Press: Princeton.
    • (2000) Irrational Exuberance
    • Shiller, R.J.1
  • 42
    • 84946357749 scopus 로고
    • An efficient method of estimating seemingly unrelated regressions and tests for aggregation bias
    • Zellner, A. (1962), 'An efficient method of estimating seemingly unrelated regressions and tests for aggregation bias,' Journal of the American Statistical Society, 57, 348-368.
    • (1962) Journal of the American Statistical Society , vol.57 , pp. 348-368
    • Zellner, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.