Department of Business Administration, University of Barcelona, Barcelona, Spain
Mini Review
Emerging Technologies, Innovation, and Volatility: A Mini-Review
Author(s): Laura Arenas* and Anna María Gil-Lafuente
It is widely asserted that emerging technologies, innovation, and technological disruption lead to increased volatility among stock markets. At first glance, this might appear contradictory since, by definition, novel developments, information technology for example, should surely help to make firm-specific information available on a timelier basis. Starting from the economic theory that defines innovation as long-term, in the light of financial markets shortening investment time horizons to optimize returns and empirical evidence, this article reviews current research on the interplay between emerging technologies, innovation, and volatility. Since risk is commonly used as a proxy for uncertainty, and innovation is an example of true uncertainty, we explore emerging technologies and innovation in the context of return and volatility. We observe that idiosyncratic risk and, indeed, ov.. Read More»
DOI:
10.37421/2090-4886.2021.10.134
Spanish 
Chinese 
Russian 
German 
French 
Japanese 
Portuguese 
Hindi 