Innovation under ambiguity and risk

G Coiculescu, Y Izhakian, SA Ravid - Journal of Financial and …, 2023 - cambridge.org
We view innovation investments as real options and explore the implications of risk
(volatility) as well as a newly defined outcome independent measure of ambiguity (Knightian …

[PDF][PDF] Simultaneous information releases and capital market feedback: Evidence from patent Tuesdays

M Ahçı, T Martens, CJ Sextroh - SSRN …, 2022 - congress-files.s3.amazonaws.com
We examine whether the simultaneous release of information affects managers' ability to
gather decision-relevant information from market prices. Using the plausibly exogenous …

Information Bundling and Capital Market Feedback: Evidence from Patent Tuesdays

M Ahci, T Martens, CJ Sextroh - Available at SSRN 4009199, 2023 - papers.ssrn.com
We examine whether bundling the release of information affects managers' ability to gather
decision-relevant information from market prices. Using the plausibly exogenous timing of …

Innovation under ambiguity and risk

SA Ravid, G Coiculescu, YY Izhakian - 2023 - repository.yu.edu
We view innovation investments as real options and explore the implications of risk
(volatility) as well as a newly defined outcome independent measure of ambiguity …