Nagaoka, Sadao - Institute of Innovation Research, Hitotsubashi University - 2004
The recent empirical studies on innovation and market value suggest that R&D has a strong complementarity with market … between R&D and market value, based on a simple but new structural model. Major findings are the following. First, the new …). The theoretical framework of these studies is the classical work by Griliches (1981), which postulates that the market …