We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...

We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...

Do trading countries also collaborate in R&D? This is the question that, facing with a number of methodological problems, here it is dealt with. Studying and comparing the international trade network and the R&D collaboration network of European countries in the aerospace sector, social network...

Multinational firms are increasingly sending their innovative tasks abroad. The R&D performed by American affiliates of European multinational firms, which accounts for 75% of the R&D off-shored to the US, reached 30 billion dollars in 2008, twice as much as the amount in 1998 (National Science...

How do financial market conditions affect real economic performance? Empirical investigations of this question have often relied on measures of external financial dependence (EFD) that are constructed using U.S. data and applied to other countries under the assumption of a stable industry...

Searching for external knowledge has frequently been characterized as crucial for firm success. However, little is known about how the direction of search strategies influences innovation performance. In this paper, we argue that firms need to specialize their search strategy and that its...