incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities … for spinoffs while, at the same time, spinoffs are expected to influence incumbent innovation. To overcome this problem of … entry by spinoffs does, indeed, have a positive impact on incumbent innovation. …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper …

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 …