We examine the effectiveness of government direct funding of firm innovation through R&D grants on firms future R&D investment, employment, and performance. Using a novel proprietary dataset of 1,825 R&D grants awarded to Irish domiciled firms for the period 2003-2012, we first show that grant...

We propose and empirically examine cross-border mergers and acquisitions (M&As) as an important dimension of firms' innovation strategies. Our empirical analyses, based on a sample of 85,591 M&A deals from 57 countries, show that innovative firms in low innovation countries are more likely to...

Innovation and obsolescence describes dynamics of ever-churning and adapting social and biological systems from the development of economic markets and scientific progress to biological evolution. The shared aspect of this picture is that agents destroy and extend the "idea lattice" in which...

New types of social networks have recently emerged that have facilitated the growth of a different kind of user-generated content: curation. The user finds various content from the Internet and then organizes or “curates” the content in a social network platform in a way that better serves...

This Article provides the first empirical study of the use of the term "patent troll" by U.S. media-specifically, examining leading newspapers and online publications. The study offers several key findings: (1) First, starting in 2006, the U.S. media surveyed used "patent troll" far more than...