| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5069502 | Finance Research Letters | 2016 | 18 Pages |
Abstract
We investigate whether the number of patents, classified by exploitation and exploration activities, can complement corporate R&D expenditure in explaining stock price movements (SPM). Based on unique corporate patent data, we empirically find that the number of patents have more significant explanatory power in explaining SPM than R&D expenditure. Our results indicate that incorporating the number of patents in explaining SPM could add value.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Gun Jea Yu, KiHoon Hong,