Chapter 16: Firm innovation and the stock market
Restricted access

Innovation is a rich area of investigation that offers interesting theoretical questions with important practical implications. Studying innovation in the context of the stock market reveals an institutional environment that simultaneously rewards innovation and establishes incentives that reduce its likelihood. This chapter examines both how firm innovation affects stock market outcomes and how the stock market affects firm innovation. These dual forces offer novel and potentially powerful theoretical opportunities while also posing important empirical challenges. The authors outline these opportunities and challenges to encourage more researchers into this important and interesting part of the field.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account
Handbook