@article{annavarjula2008technological,
  title = {Technological Innovation and the Market Value of Firms},
  author = {Madan Annavarjula and Ramesh Mohan and Sam Beldona },
  year = 2008,
  url = {https://ibimapublishing.com/articles/CIBIMA/2008/387724/},
  journal = {Communications of the IBIMA},
  volume = 2008 (2008),
  pages = 3,
  abstract = {Most previous research in this area has conceptualized innovation through one or more dimensions of a firm’s innovative capability such as R&D of a firm. The measurement of the construct has thus reflected this narrow conceptualization with a single measure such as R&D expenditure of a firm being the most often used proxy. This study utilizes a broader definition of organizational innovation capabilities that includes the generation, dissemination and strength of innovative activity in a firm. Such a composite measure is then used to predict market value of a firm. The unique features of this study are that it uses multiple indicators of firm innovation, it uses 10 year cross sectional, longitudinal data on a firm’s innovation profile},
  note = Article ID: 387724
}