Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations between 1980 and 2007. We find that publications by...

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations between 1980 and 2007. We find that publications by...

AmaPat is a unique comprehensive dataset combining detailed information on ownership structure, corporate innovation, and financial reports. Download the slides at: http://papers.ssrn.com/paper=1027909 Download the audio file at: http://papers.ssrn.com/paper=1028824