Working Paper

Do Innovations Really Pay Off? Total Stock Market Returns to Innovation

Ashish Sood and Gerard J. Tellis

Jan 1, 2008

Download

Demonstrates that stock markets react positively to innovation projects, using Fama-French Momentum Four-Factor Model on 5,481 announcements from 69 firms, during the period 1977-2006.

By using MSI.org you agree to our use of cookies as identifiers and for other features of the site as described in our Privacy Policy.