【作者(必填)】T Åstebro

【文题(必填)】
The Return to Independent Invention: Evidence of Unrealistic Optimism, Risk Seeking or Skewness Loving?

【年份(必填)】2003

【全文链接或数据库名称(选填)】

The Return to Independent Invention: Evidence of Unrealistic Optimism, Risk Seeking or Skewness Loving?T Åstebro - Economic Journal, 2003 - JSTOR
Examining a sample of 1,091 inventions I investigate the magnitude and distribution of the
pretax internal rate of return (IRR) to inventive activity. The average IRR on a portfolio
investment in these inventions is 11.4%. This is higher than the risk-free rate but lower ...