Using data from 20 OECD countries, we find that firms with greater organization capital have significantly higher stock returns and that this represents an international phenomenon. We also find new evidence that the positive association between organization capital and stock returns increases...

This paper investigates similarities and differences between developed and less developed countries in international technology diffusion. We measure international technology spillovers in trade, patents, and in disembodied forms. We find that all countries benefit from foreign technology....