Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

, organization, research and innovation, we attempt to explain the rise of corporate research. We argue that it was driven by … companies trying to take advantage of opportunities for innovation made possible by scientific advances and an underdeveloped …

While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …

present a multicountry model of technological innovation and diffusion which has the implication that, for a wide range of …

major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a …

of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …

The history of innovation in the chemical industry offers many insights for accelerating energy innovation. In this … chapter, we begin by laying out the early history of the chemical industry for an overview of the role innovation has played … coal to oil, and briefly analyze two government programs that have attempted to promote innovation: synthetic rubber and …