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 …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

It is shown that spillovers can enhance private returns to innovation if they feed back into the dynamic research of …” knowledge is reabsorbed by its inventor. A simple model of sequential innovation with dynamic spillovers is developed, which …

Innovation processes within corporations increasingly tap into international technology sources, yet little is known … about the relative contribution of different types of innovation channels. We investigate the effectiveness of different …