Using new data on citations to university patents and scientific publications, and measures of distance based on Google maps, we study how geography affects university knowledge diffusion. We show that knowledge flows from patents are localized in two respects: they decline sharply with distance...

We show that family ownership is associated with more stable and liquid, but slower growing, young firms. Using a large sample of private firms across Europe, we find that family-owned firms have higher profit margins, returns on assets, and survival rates compared to non-family-owned firms....