This study investigates how national institutions influence innovation in a science-based industry. The context is the biotechnology industry in the United States and France, two countries with strong scientific and financial resources, but very different experiences in innovating from...

Despite the many advantages offered by technology clusters, firms located in them face the risk of losing valuable knowledge to nearby competitors. In this study, we argue that multi-location firms strategically organize their R&D activities to appropriate the value of innovations generated in...