Innovation is important for firm performance and broader economic growth. But breakthrough innovations necessarily … effect on the rate of breakthrough innovation and the profitability of firms …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …

Existing theories and empirical research on how innovation occurs largely assume that innovativeness is an inherent … differently than those who do self-select into innovating. To test these questions, we designed and implemented an innovation …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …