Keywords: Performance volatility
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Journal Articles
International Journal of Managerial Finance (2026) 22 (2): 409–429.
Published: 23 March 2026
.... This effect appears to be driven by lower performance volatility and increased investment in research and development and brand capital. Design/methodology/approach Our sample comprises all non-financial, non-utility firms at the intersection of CRSP and Compustat between 1998 to 2022. We run...

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