Antón, Miguel; Ederer, Florian; Giné, Mireia; … - National Bureau of Economic Research - 2024
firm therefore does not capture the full surplus of its innovations. We show that common ownership of firms mitigates this … share from rivals; in that case, more common ownership reduces innovation. Empirically, the association between common … ownership and innovation inputs and outputs decreases with product market proximity and increases with technology proximity. The …