Tag Archives: Dongmei Li

What is the Value of an Innovation? Theory and Evidence on the Stock Market’s Reaction to Innovation Announcements

By | February 4, 2020

Courtesy of Thomas Chemmanur, Dongmei Li, Kevin Tseng, and Yu Wang Recently, there has been considerable interest among economists in stock market-based measures of the value of corporate innovations. For example, in a recent paper, Kogan, Papanikolaou, Seru, and Stoffman (2017) develop a new measure of the economic value of a corporate innovation by making… Read More »