Innovation and Institutional Ownership
收藏NBER2009-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14769
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We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional owners
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美国国家经济研究局创建时间：
2009-03-01
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