innovation. Unlike previous literature based on survey data, we exploit the observed pattern of contributions - the .revealed …

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

efficiency; provides further insight into why Open Source Software is a successful model of innovation and development in digital …