Gales of creative destruction -- Brewing trouble: coffee -- Stop the presses: printing the Qur'an -- Smear campaigns: margarine -- Gaining traction: farm mechanization -- Charged arguments: electricity -- Cool reception: refrigerated foods -- Facing the music: recorded sound -- Taking root:...

This paper examines the role of local attitudes towards gambling on corporate innovative activity. Using a county's Catholics-to-Protestants ratio as a proxy for local gambling preferences, we find that firms located in gambling-prone areas tend to undertake riskier projects, spend more on...