Browsing Accounting & Information Systems by Author "Zhong, Rui"
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Do Patented Innovations Reduce Stock Price Crash Risk?
Ben-Nasr, Hamdi; Bouslimi, Lobna; Zhong, Rui ( Wiley-Blackwell , 2019 , Article)Using a large sample of US firms, we document a significantly negative relation between the number of patents (citations) and stock price crash risk. Our findings are consistent with the arguments that patented innovation ...