The diffusion of knowledge plays an important role in both the creation and distribution of wealth. Attempting to construct a competitive advantage, managers of firms often seek to spread valuable knowledge widely across subunits of the organization, while simultaneously preventing its diffusion...

We find econometric evidence that particular inter-firm networks--"business groups"--materially affect the broad patterns of economic performance in 12 of the following 13 emerging markets: Argentina, Brazil, Chile, India, Indonesia, Israel, Mexico, Peru, the Philippines, South Korea, Taiwan,...

What types of human and social capital identify the emergence of leaders of open innovation communities? Consistent with the norms of an engineering culture, we find that future leaders must first make strong technical contributions. Beyond technical contributions, they must then integrate their...

Studies have consistently found that social structure influences who transacts with whom, and that actors appear to benefit when exchange occurs embedded within these relations rather than in an unstructured market. This paper argues that the apparent benefits of embedded exchange can arise from...