Innovation's Effect on Firm Value and Risk: Insights from Consumer Packaged Goods

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Stock Market Reaction to Green Vehicle Innovation (2013, background): “Using data on more than 20,000 new products from the consumer packaged goods industry, Sorescu and Spanjol (2008) ﬁnd that breakthrough innovation is associated with increases in both normal proﬁts and economic rents and that, on average, each breakthrough innovation in the sample is associated…”
Employer–Employee Congruence in Environmental Values: An Exploration of Effects on Job Satisfaction and Creativity (2014, unknown): “In turn, it has been demonstrated that innovation increases a firm’smarket value (Sorescu and Spanjol 2008).”
Service Innovativeness and Firm Value (2013, methodology): “Firms with greater organizational slack (proportion of total assets covered by net cash flows from operating activities) have surplus resources for ongoing operations (Sorescu and Spanjol 2008), so they are more likely to introduce service innovations.”
Firm Innovativeness and Its Performance Outcomes: A Meta-Analytic Review and Theoretical Integration (2012, background): “This approach is consistent with previous research that suggests that firms do not gain equally from innovativeness because their capability to appropriate the value of innovativeness depends on firm, industry, and country factors (Sorescu and Spanjol 2008; Tellis, Prabhu, and Chandy 2009).”