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- W72647295 abstract "We find that firms headquartered in areas with a taste for gambling tend to be more innovative, i.e. they spend more on R&D, and obtain more and better quality patents. These results are supported by several robustness checks, tests to mitigate identification concerns, and analyses of several secondary implications. Investment in innovation makes a stock more lottery-like, a feature desired by individuals with a taste for gambling. Gambling preferences of both local investors and managers appear to influence firms’ innovative endeavors and facilitate transforming their industry growth opportunities into firm value." @default.
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- W72647295 date "2013-01-01" @default.
- W72647295 modified "2023-10-16" @default.
- W72647295 title "Religion, Gambling Attitudes and Corporate Innovation" @default.
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- W72647295 doi "https://doi.org/10.2139/ssrn.2316891" @default.
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