We hypothesize that owing to limited investor attention and skepticism of complexity, innovative diversity (ID) of a firm's patent portfolio will be undervalued. ID strongly predicts stock returns after controlling for firm characteristics and risk. High ID portfolios provide Carhart alphas of 56-81 basis points per month and stronger and less volatile operating performance. The Diversified Min...

The paper is devoted to reconstruction of Joseph Biden’s Indo-Pacific policy planning based on official documents. region understood as an objectively forming space factors independent human interpretation. It revealed that the US government doesn’t consider this common and aims divide it into subregions according its political interests. introduces a four-element structure region, which has pu...