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The notion of perpetual progress is not only doubtful in itself but is also compromised as a principle of classification because of its value implications.
Indeed, prior literature (e.g. Agrawal, Jaffe, and Mandelker (1992)) uses long-run stock returns to assess the long-term value implications of M&A.
Contributing to the ongoing debate regarding the value implications of CSR, we find that CSR value effect varies with economic situations.
Overall, by identifying actions that carry clear value implications, this paper documents the long-term negative consequences of short-term incentives.
His research projects include the value implications of corporate branding in mergers, valuing corporate level marketing spending, measuring online-offline advertising effects, and the role of non-financial information in communicating with the financial markets.
As they learned about and paid more attention to corporate governance in the early 2000s and impounded their value implications into prices, the association between governance and returns disappeared.
Similar(45)
Suggesting, as J. Ladd Greeno does, that environmental costs can readily be passed along to consumers and therefore do not bear a value implication for companies is simply not true.
The longer-term shareholder-value implications are even more striking.
Combining both interview data and empirical analyses at the patent and firm levels, we explore the value-appropriation and value-creation implications of R&D collaboration resulting in the co-ownership of intellectual property (i.e. co-patents).
Furthermore, we came up with a version that demonstrated authentic biological value: the implications of the scaling analysis for explaining the value of certain variations and the implications for a deeper understanding of phylogenetic development (of gills and lungs).
That is, as analytics becomes a more common path to value, the implications for industry competition are coming into focus.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com