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 …

innovations - innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on … the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …

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

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

innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …

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