ability to defend themselves against litigation. We find that NPE litigation has a real negative impact on innovation at … innovation in the industries in which they are most prevalent …

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … both process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity …

innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

I develop a new theory of marketing costs and introduce it into a model of trade with product differentiation and firm …

Intensive and controversial marketing of infant formula is believed to be responsible for millions of infant deaths in …

Marketing and distribution expenses are responsible for about a third of the cost of active management in the mutual … fund industry. We develop and estimate a structural model of mutual fund marketing with learning about unobserved skill and … costly investor search. Our estimates suggest that marketing is nearly as important as performance and fees for determining …

locked in. However, it is consistent with a literature which emphasizes the importance of marketing and advertising …

Firms spend substantial resources on marketing and selling. Interpreting this as evidence of frictions in product …