This survey provides an overview of theoretical and empirical research on information flows in corporations. It highlights key frictions preventing effective information flows and discusses how organizational structure and corporate governance can alleviate these frictions, focusing on three...

The so-called "European Paradox" holdsthat European Union countries play a leading global role in terms of high-levelscientific output, but lag behind in their ability to convert this strengthinto wealth-generating innovations. This study argues that the paradox isincorrect and hence, that the...