摘要
We examine whether the emotional shocks associated with terrorist attacks affect local inventors' productivity. We find that high-fatality attacks make inventors less innovative, and low-fatality attacks make them more innovative. Inventors living in high risk-taking environments have greater increase in productivity following low-fatality attacks, while less decrease in productivity following high-fatality attacks. Further, the effect of terrorist attacks on inventor productivity comes mainly from exploratory innovation which involves more risks. Inventors affected by high-fatality attacks are also more likely to move to places without any significant terrorist attack history, but there is no such effect for low-fatality attacks.
原文 | ???core.languages.en_GB??? |
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頁(從 - 到) | 2173-2207 |
頁數 | 35 |
期刊 | Accounting and Finance |
卷 | 64 |
發行號 | 2 |
DOIs | |
出版狀態 | 已出版 - 6月 2024 |