Technological Race and Stock Market Value (notice n° 545585)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01183cam a2200169 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113753.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Campart, Sandy |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Technological Race and Stock Market Value |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2008.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 40 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Is technological race a relevant framework to describe the pharmaceutical industry or are technological spillovers so strong as to attenuate the rivalry between firms? An event study on the announcements of technological and regulatory successes shows that on average, the stockmarket returns diminish when rivals make technological progress, which is in accordance to the technological race framework. Hence, the abnormal returns of firms with a declining technological leadership are negative and significant. Yet, the returns of the firms lagging behind in the technological are not affected by their competitors’ success. Classification JEL: L25, L65, O31. |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Pfister, Étienne |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 59 | 2 | 2008-03-14 | p. 307-329 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2008-2-page-307?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2008-2-page-307?lang=en&redirect-ssocas=7080</a> |
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