Mazzucato, Mariana
(2006).
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| URL: | http://www.ofce.sciences-po.fr/uk/publications2006... |
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Abstract
The paper reviews work which draws a link between the dynamics of innovation and the dynamics
of stock prices. One of the key findings is the relationship between innovation intensity (e.g. radical
innovation) and the volatility of firm level stock returns. By connecting the analysis of risk and
uncertainty' often left in the finance literature to explanations related to 'animal spirits' and other
stochastic factors' to changes in real production conditions at the firm and industry level, the paper
provides the foundation for a Schumpetarian analysis of time varying risk.
| Item Type: | Journal Item |
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| Extra Information: | ISBN:2724630661 |
| Academic Unit/School: | Faculty of Arts and Social Sciences (FASS) > Politics, Philosophy, Economics, Development, Geography Faculty of Arts and Social Sciences (FASS) |
| Research Group: | Institute for Innovation Generation in the Life Sciences (Innogen) |
| Item ID: | 9470 |
| Depositing User: | Christopher Biggs |
| Date Deposited: | 27 Sep 2007 |
| Last Modified: | 19 Mar 2019 10:29 |
| URI: | http://oro.open.ac.uk/id/eprint/9470 |
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