Prior research shows that technology spillovers across firms increase innovation, productivity, and value. We study how firms finance their own growth stimulated by technology spillovers from their technological peer firms. We find that greater technology spillovers lead to higher leverage. This...

This paper studies how corporate board diversity affects disruptive innovation. We find that director boards with diverse demographic and cognitive traits are positively related to not only the quantity of disruptive and novel patents invented by their firms but also to these patents’...