generating innovation and economic growth. In this chapter, we seek to offer some description of engineering work by looking in … innovation. Autos account for 5% of US GDP and in 2011, 70% of auto suppliers contributed design effort, a task typically … performed by engineers, making the auto supply chain an important context in which to study engineering and innovation …

This paper studies how hedge fund activism reshapes corporate innovation. Firms targeted by hedge fund activists … experience an improvement in innovation efficiency during the five-year period following the intervention. Despite a tightening … in R&D expenditures, target firms experience increases in innovation output, measured by both patent counts and citations …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …