Working Papers

Two Centuries of Epochal Innovation and Stock Market Bubbles

Alina Sorescu, Sorin M. Sorescu, Will J. Armstrong, and Bart Devoldere

Jul 8, 2014

Examines the potential role of epochal innovations as catalysts for stock market bubbles; compiles a census of 16 epochal innovations commercialized by the private sector in the U.S. and U.K, and measures the path of stock prices and dividends for firms involved in their commercialization. 

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