SGER: The Stock Market and Innovative Capabilities in the 'New Economy': The Optical Networking Industry

这个项目的目的是分析股票市场对高科技公司创新能力的影响，这些公司已经成为“新经济”的核心。实证重点将放在光网络行业的设备供应商上——这是一个将光纤的带宽潜力与互联网的数据通信潜力相结合的行业。通过对思科系统公司、北电网络公司、朗讯科技公司、阿尔卡特公司和Sycamore网络公司的技术开发和利用进行深入的比较分析，该项目旨在确定股票市场角色的变化和股票价格的波动对美国和全球经济繁荣的核心行业创新能力积累的影响。

The purpose of this project is to analyze the impact of the stock market on the innovative capabilities of high- technology companies that have been central to the "new economy". The empirical focus will be on equipment suppliers in the optical networking industry --an industry that integrates the bandwidth potential of fiber optics with the data communications potential of the Internet. Through in-depth comparative analysis of the development and utilization of technology at Cisco Systems, Nortel Networks, Lucent Technologies, Alcatel, and Sycamore Networks, this project seeks to determine the impacts of both the changing role of the stock market and the volatility in stock prices on the accumulation of innovative capabilities in an industry that is central to the prosperity of the US and global economies.