that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …

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 … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

of managerial decision-making and resource allocation. This perspective has characterized the innovation process in large …, subject to organizational inertia. We develop a complementary perspective of the innovation process in which inventors may … commercialize their inventions, the study sheds light on an important yet overlooked aspect of the innovation process in large firms …