Using comprehensive patent lawsuit data from 2000 to 2014, we find that a stock portfolio consisting of firms involved … in patent lawsuits provides significantly positive stock returns (between 0.56% to 1.02% per month) in the following year … constraints, unknown systematic risk, and investors' underreaction to potential benefits associated with patent litigation …

In an effort to understand the benefits of innovation on companies' growth and value, it becomes apparent that there is … repetitiveness) that a qualitative approach to investigating the effects that "innovation" has on company "value", this paper will … include R&D spending, Average Share Price, Patent applications, S&P index value and other cumulative quantities of patenting …