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Innovative Originality, Profitability, and Stock Returns

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NBER2017-05-01 更新2025-01-04 收录
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We propose that innovative originality (InnOrig) is a valuable organizational resource, and that owing to limited investor attention and skepticism of complexity, firms with greater InnOrig are undervalued. We find that firms InnOrig strongly predicts higher, more persistent, and less volatile

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2017-05-01
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