We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...

We conduct a survey of economists and a representative sample of Americans to infer the reduction in the perceived value of a paper when its authors have conflicts of interest (CoI), i.e., they have financial, professional, or ideological stakes in the outcome of the results. On average, a CoI...

The unshackling of India from its historically low rate of growth has occurred. The challenge of maintaining high growth rates in some states and igniting them in the presently bypassed and marginalized states has to be met squarely. Sustaining high overall growth rates would require that rising...