We find that the effects of parent firm R & D on plant-level productivity are diminished by both the geographic and technological distance between the research lab and the plants, that productivity appears to depend on R & D per plant rather than on the total amount, and that spillovers from...

Studies of firm-level data have shown that a firm's Ramp;D and the Ramp;D of other firms increase conventional factor productivity. We investigate these phenomena further by examining the relationship between plant-level productivity and firm-level Ramp;D. We find that (1) the...

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...