patent grant announcements. We use the media coverage of innovation announcements as a proxy for the investor attention paid …We analyze, theoretically and empirically, the effect of investor attention on the stock market reaction to innovation … with limited investor attention to show that, following the immediate market reaction to innovation announcements, there …

We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock …

We analyze, theoretically and empirically, the implications of salience on innovation announcements in the … biopharmaceutical industry. We hypothesize that equity market investors are more likely to pay attention to an innovation announcement … patent grant announcements of the same molecule. Based on this assumption, we develop a dynamic model with limited investor …

&D prefer to set higher stock prices to mitigate investor short-termism and foster innovation. Indeed, we find that firms with … presence of poor earnings. More importantly, firms' R&D productivity — in terms of generating patents and patent citations … find that IPO firms setting higher offering prices have more future innovation and that innovation declines after firms …