Title

Categories in Evaluation of Innovative Activities of Competing Firms

Publication Type

Conference Paper

Publication Date

6-2009

Abstract

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.

Discipline

Strategic Management Policy | Technology and Innovation

Research Areas

Strategy and Organisation

Publication

Proceedings of the Annual Conference of the Administrative Sciences Association of Canada

Publisher

ASAC

City or Country

Niagara Falls, Canada

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