This paper analyzes American pharmaceutical firms' persistence in innovating prior to the wave of mergers and acquisitions that accompanied the "Biotech revolution". We evaluate the impact of past innovative activity on firms' innovation propensities using a non-linear GMM estimator for...

This paper investigates the relationship between pay disparity and innovation. In an empirical examination of S&P 4, 5, and 600 firms, it was found that difference in pay between CEO and the remaining top management is positively associated with higher research and development, patents and...

This paper conducts a comprehensive study of patent citations in patents granted to new economy firms in Belgium by the US and the EU Patent Offices using general qualitative response variable analysis, allowing for asymmetries in size and other characteristics. The citation data studied provide...