According to the economic literature, industrial clusters are groups of firms on the same <p> location composing a production system with spillovers that can be vertical and/or <p> horizontal. This paper focuses on horizontal clusters by exploring the spatial <p> distribution of industrial clusters in...</p></p></p>

The paper investigates the impact of ownership concentration on the likelihood that firms are involved in innovative activities or invest in research and development. We find that more dispersed ownership significantly increases the probability that a firm is engaged in innovation or invests in...