Emotions and inventor productivity: Evidence from terrorist attacks

Yue Luo, Yangyang Chen, Ji Chai Lin

研究成果: 雜誌貢獻期刊論文同行評審

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???
頁(從 - 到)2173-2207
頁數35
期刊Accounting and Finance
64
發行號2
DOIs
出版狀態已出版 - 6月 2024

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