I examine how the stock market evaluation of a firm’s innovative activities is influenced by the categorization of the firm and its rivals. I find that innovations that blur the industry boundaries cause negative evaluation bias, but the competing innovations by outside industry firms cause positive evaluation bias in firm valuation.
Strategic Management Policy | Technology and Innovation
Strategy and Organisation
Administrative Sciences Association of Canada Annual Conference 2009, June
City or Country
Niagara Falls, Canada
Categories in Evaluation of Innovative Activities of Competing Firms. (2009). Administrative Sciences Association of Canada Annual Conference 2009, June. 1-20. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/1754
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