Belenzon, Sharon; Berkovitz, Tomer - In: Management Science 56 (2010) 3, pp. 519-535
Using novel data on European firms, this paper investigates the relationship between business groups and innovation … group affiliation is particularly important for innovation in industries that rely more on external funding and in groups … knowledge spillovers are not the main driver of innovation in business groups because firms affiliated with the same group do …