innovation and knowledge management and their impact on performance at the firm level for a number of countries. These studies …

) from upper-tail knowledge. As a proxy for the historical presence of knowledge elites, we use city-level subscriptions to … firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …

We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and … established firms, which account for more than three-quarters of business R&D, is affected by scientific knowledge produced by … commercialize university inventions. Moreover, abstract knowledge advances per se elicit little or no response. Our findings …

Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity … and organization of U.S. lawyers and use the equilibrium model of knowledge hierarchies in Garicano and Rossi …

Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D …"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that … cost. Companies with greater demand for refinancing during the 2008 financial crisis made larger cuts to R&D investment …