This paper aims to assess the impact of both geographic and industrial diversification of economic activities on the productivity performance of large European R&D Multinational Enterprises (MNEs). Based on the worldwide subsidiaries of these firms, we measure the performance of the firms...

Technological progress, such as robotics and artificial intelligence, is often blamed for the loss of jobs and rising income inequality. It is also linked to increasing inequality in the corporate landscape as superstar firms forge ahead in winner-takes-most markets. Our analysis shows that in...

This paper aims to assess the effect of competition on firm-level innovation. The sample comprises the world's top corporate R&D spenders over the period 2007 to 2016. We use an industry-year indicator, the inverse of the Lerner Index, to measure the competition level. R&D expenditures are used...