Innovation-Related Diversification and Firm Value
نویسندگان
چکیده
منابع مشابه
Innovation-Related Diversification and Firm Value
We examine how corporate innovations influence firms’ industrial diversification decisions and how innovation-related diversification affects firm value. Our fixed effect, 2SLS and GMM models consistently show that corporate innovations lead to greater extent of diversification. The 2SLS model uses the staggered implementation of U.S. state-level R&D tax credits as an instrumental variable for ...
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ژورنال
عنوان ژورنال: European Financial Management
سال: 2016
ISSN: 1354-7798
DOI: 10.1111/eufm.12110