We show that academic directors significantly increase firms’ R&D investment and innovation outputs. Following an academic director’s death and relative to a non-academic director’s death, the average firm reduces R&D by 2.0% of total assets and its market value of innovations declines by...

This research aims to show that knowledge management is integral to business strategy and can lead to more efficient new product development in high-tech companies. Organizations have been increasingly focused on knowledge management methods as they have realized how important it is to manage...