Risks of a geopolitical nature, those emanating Fax Lists from conflicts and tensions between states, have a more than evident impact on trade, security and politics. The invasion that Russia has perpetrated in Ukraine in recent days testifies to the Fax Lists severe economic and political consequences that end up sprouting from the belly of geopolitical conflicts. But how does geopolitical risk affect innovation within companies? Around this question Fax Lists pivots an exhaustive study undertaken by professors from Indiana University, the University of Tasmania and the University of New South Wales published by the Harvard Business Review. To conduct the research, its authors (Revive Astonish, Adan Ha bib, and Wesley Deng) compiled data on 4,625 publicly traded US companies Fax Lists from 1985 to 2017. And to measure their degree of technological innovation, researchers The researchers considered three main metrics. The number of patents registered by companies. The financial Fax Lists value of patents awarded to companies (measured based on changes in the value of company titles after the patent was granted). The scientific value of patents granted to companies (assessed by Fax Lists bench marking the number of times the patents are cited in other patent applications). The authors of the report then crossed the data Fax Lists related to the innovation of the companies analyzed with the Geopolitical Risk Index (GPR) published monthly by the United States Federal Reserve and drew 5 main conclusions : 1. Rising geopolitical risk stifles innovation According to the research, a 1% increase in the GPR translates into a 0.18% Fax Lists reduction in the number of patents filed by companies during the subsequent year. In addition, the Fax Lists financial value of patents also contracted by 0.24% and the scientific value of patents also suffered a decrease of 0.08%.