메뉴 건너뛰기




Volumn 22, Issue 4, 2012, Pages 811-832

R&D, patents and stock return volatility

Author keywords

Idiosyncratic risk; Industry life cycle; Technological change; Volatility

Indexed keywords


EID: 84865830021     PISSN: 09369937     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00191-012-0289-x     Document Type: Article
Times cited : (46)

References (31)
  • 1
    • 0033482066 scopus 로고    scopus 로고
    • Technological Competition and the structure of the computer industry
    • Bresnahan TF, Greenstein S (1997) Technological Competition and the structure of the computer industry. J Ind Econ 47(1): 1-40.
    • (1997) J Ind Econ , vol.47 , Issue.1 , pp. 1-40
    • Bresnahan, T.F.1    Greenstein, S.2
  • 2
    • 0002519023 scopus 로고    scopus 로고
    • Have individual stocks become more volatile? An empirical exploration of idiosyncratic risk
    • Campbell JY, Lettau M, Malkiel BG, Yexiao X (2001) Have individual stocks become more volatile? An empirical exploration of idiosyncratic risk. J Finance 56: 1-43.
    • (2001) J Finance , vol.56 , pp. 1-43
    • Campbell, J.Y.1    Lettau, M.2    Malkiel, B.G.3    Yexiao, X.4
  • 3
    • 84865815413 scopus 로고    scopus 로고
    • Paper presented at the CEF annual conference, Washington DC, 24 June 2005
    • Deng Y (2005) The value of knowledge spillovers. Paper presented at the CEF annual conference, Washington DC, 24 June 2005.
    • (2005) The Value of Knowledge Spillovers
    • Deng, Y.1
  • 5
    • 0000563464 scopus 로고
    • R&D, patents and market value revisited: is there ad second (technological opportunity) factor?
    • Griliches Z, Hall B, Pakes A (1991) R&D, patents and market value revisited: is there ad second (technological opportunity) factor? Econ Innov New Technol 1: 1983-1201.
    • (1991) Econ Innov New Technol , vol.1 , pp. 1201-1983
    • Griliches, Z.1    Hall, B.2    Pakes, A.3
  • 7
    • 21644471505 scopus 로고    scopus 로고
    • Market value and patent citations
    • Hall BH, Jaffe A, Trajtenberg M (2005) Market value and patent citations. Rand J Econ 36(1): 16-38.
    • (2005) Rand J Econ , vol.36 , Issue.1 , pp. 16-38
    • Hall, B.H.1    Jaffe, A.2    Trajtenberg, M.3
  • 8
    • 0012485368 scopus 로고    scopus 로고
    • Why drug makers are failing in quest for new blockbusters
    • 18 March 2002
    • Harris G (2002) Why drug makers are failing in quest for new blockbusters. Wall Street Journal. 18 March 2002.
    • (2002) Wall Street Journal
    • Harris, G.1
  • 9
    • 0000084779 scopus 로고    scopus 로고
    • The pharmaceutical industry and the revolution in molecular biology: Interactions among scientific, institutional and organizational change
    • Mowery D, Nelson R (eds), Cambridge
    • Henderson R, Orsenigo L, Pisano G (1999) The pharmaceutical industry and the revolution in molecular biology: interactions among scientific, institutional and organizational change. In: Mowery D, Nelson R (eds) Sources of industrial leadership. Cambridge.
    • (1999) Sources of Industrial Leadership
    • Henderson, R.1    Orsenigo, L.2    Pisano, G.3
  • 10
    • 0001745144 scopus 로고
    • Firm size and rate of growth
    • Hymer S, Pashigian P (1962). Firm size and rate of growth. J Polit Econ 70(6): 556-569.
    • (1962) J Polit Econ , vol.70 , Issue.6 , pp. 556-569
    • Hymer, S.1    Pashigian, P.2
  • 12
    • 0000125532 scopus 로고
    • Prospect theory: an analysis of decisions under risk
    • Kahneman D, Tversky A (1979) Prospect theory: an analysis of decisions under risk. Econometrica 47(2): 263-291.
    • (1979) Econometrica , vol.47 , Issue.2 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 13
    • 0000195838 scopus 로고    scopus 로고
    • Exit, entry, growth, and innovation over the product life-cycle
    • Klepper S (1996) Exit, entry, growth, and innovation over the product life-cycle. Am Econ Rev 86(3): 562-583.
    • (1996) Am Econ Rev , vol.86 , Issue.3 , pp. 562-583
    • Klepper, S.1
  • 15
    • 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. Rev Econ Dyn 5: 318-345.
    • (2002) Rev Econ Dyn , vol.5 , pp. 318-345
    • Mazzucato, M.1
  • 16
    • 0346271647 scopus 로고    scopus 로고
    • Risk, variety and volatility: innovation, growth and stock returns in old and new industries
    • Mazzucato M (2003) Risk, variety and volatility: innovation, growth and stock returns in old and new industries. J Evol Econ 13(5): 491-512.
    • (2003) J Evol Econ , vol.13 , Issue.5 , pp. 491-512
    • Mazzucato, M.1
  • 17
    • 0033248596 scopus 로고    scopus 로고
    • Stock market volatility and market share instability during the US auto industry life-cycle
    • Mazzucato M, Semmler W (1999) Stock market volatility and market share instability during the US auto industry life-cycle. J Evol Econ 9(1): 67-96.
    • (1999) J Evol Econ , vol.9 , Issue.1 , pp. 67-96
    • Mazzucato, M.1    Semmler, W.2
  • 18
    • 49149110500 scopus 로고    scopus 로고
    • Idiosyncratic risk and innovation: a firm and industry level analysis
    • Mazzucato M, Tancioni M (2008) Idiosyncratic risk and innovation: a firm and industry level analysis. Ind Corp Change 17(4): 779-811.
    • (2008) Ind Corp Change , vol.17 , Issue.4 , pp. 779-881
    • Mazzucato, M.1    Tancioni, M.2
  • 19
    • 31244435666 scopus 로고    scopus 로고
    • Academic patent quality and quantity before and after the Bayh-Dole act in the United States
    • Mowery DC, Ziedonis AA (2002). Academic patent quality and quantity before and after the Bayh-Dole act in the United States. Res Policy 31(3): 399-418.
    • (2002) Res Policy , vol.31 , Issue.3 , pp. 339-418
    • Mowery, D.C.1    Ziedonis, A.A.2
  • 20
    • 0002330888 scopus 로고
    • On the pooling of time series and cross section data
    • Mundlack Y (1978) On the pooling of time series and cross section data. Econometrica 46: 69-85.
    • (1978) Econometrica , vol.46 , pp. 69-85
    • Mundlack, Y.1
  • 21
    • 0346456227 scopus 로고    scopus 로고
    • Technological change and network dynamics. Lessons from the pharmaceutical industry
    • Orsenigo L, Pammolli F, Riccaboni M (2001) Technological change and network dynamics. Lessons from the pharmaceutical industry. Res Policy 30: 485-509.
    • (2001) Res Policy , vol.30 , pp. 485-509
    • Orsenigo, L.1    Pammolli, F.2    Riccaboni, M.3
  • 22
    • 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. J Polit Econ 93(2): 390-409.
    • (1985) J Polit Econ , vol.93 , Issue.2 , pp. 390-409
    • Pakes, A.1
  • 23
    • 33745146175 scopus 로고    scopus 로고
    • Was there a Nasdaq Bubble in the Late 1990's
    • Pastor L, Veronesi P (2004) Was there a Nasdaq Bubble in the Late 1990's. J Financ Econ 81(1): 61-100.
    • (2004) J Financ Econ , vol.81 , Issue.1 , pp. 61-100
    • Pastor, L.1    Veronesi, P.2
  • 28
    • 84977707955 scopus 로고
    • Why does stock market volatility change over time?
    • Schwert GW (1989) Why does stock market volatility change over time? J Finance 54: 1115-1153.
    • (1989) J Finance , vol.54 , pp. 1115-1153
    • Schwert, G.W.1
  • 29
    • 0000893807 scopus 로고
    • Do stock returns move too much to be justified by subsequent changes in dividends
    • Shiller RJ (1981) Do stock returns move too much to be justified by subsequent changes in dividends. Am Econ Rev 71: 421-435.
    • (1981) Am Econ Rev , vol.71 , pp. 421-435
    • Shiller, R.J.1
  • 31
    • 84881946969 scopus 로고
    • Technological discontinuities and organizational environments
    • Tushman M, Anderson P (1986) Technological discontinuities and organizational environments. Adm Sci Q 31: 439-465.
    • (1986) Adm Sci Q , vol.31 , pp. 439-465
    • Tushman, M.1    Anderson, P.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.