In this paper, we examine the relationship between rising short-termism and the nature of innovation in US public firms, 1980-2019. Breakthrough inventions, or those that significantly influence later innovation, require sub-technologies to be created that don’t yet exist. We argue that these...

In response to competitive pressures, firms increasingly use R&D alliances to complement in-house R&D efforts. However, empirical evidence to date provides little guidance on how firms can use this strategy effectively. Here, I examine why some R&D alliances contribute more than others to firm...