Abstract Since 2015, the United Kingdom (UK) has increased its investment in transportation
infrastructure to compensate for years of underinvestment in comparison with peer countries …

Organization capital is a production factor that is embodied in the firm's key talent and has
an efficiency that is firm specific. Hence, both shareholders and key talent have a claim to its …

We study the effects of noncompetition agreements by analyzing time-series and cross-
sectional variation in the enforceability of these contracts across US states. We find that …

A standard real options model predicts a strong positive interaction effect between research
and development (R&D) investment and product market competition. R&D-intensive firms …

In this review we survey the recent research on the fundamental determinants of stock
returns. These studies explore how firms' systematic risk and their investment and …

Research Question: How do researchers address the definition, measurement, recognition
and potential of intangible assets to generate future economic benefits when a formal …

This paper provides new evidence about the link between firm-level total factor productivity
(TFP) and stock returns. We estimate firm-level TFP and show that it is strongly related to …

Through the interaction between financial constraints and R&D, I study two asset-pricing
puzzles: mixed evidence on the financial constraints–return relation and the positive R&D …

We examine the asset pricing implications of a production economy whose long‐term
growth prospects are endogenously determined by innovation and R&D. In equilibrium …

We study the role of brand capital–a primary form of intangible capital–for firm valuation and
risk in the cross section of publicly traded firms. Using an empirical measure of brand capital …