Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

literature on firm's boundaries and sectoral systems of innovation, we propose industry-specific variables for pharmaceuticals …

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

Using novel data on European firms, this paper investigates the relationship between business groups and innovation … group affiliation is particularly important for innovation in industries that rely more on external funding and in groups … knowledge spillovers are not the main driver of innovation in business groups because firms affiliated with the same group do …

Using novel data on European firms, this paper investigates the relationship between business groups and innovation … group affiliation is particularly important for innovation in industries that rely more on external funding and in groups … knowledge spillovers are not the main driver of innovation in business groups because firms affiliated with the same group do …