Innovation in Business Groups

References

• Almeida H., Wolfenzon D. A theory of pyramidal ownership and family business groups. J. Finance (2006) 61(6):2637–2680Crossref, Google Scholar
• Arrow K., Nelson R. Economic welfare and the allocation of resources of inventions. The Rate and Direction of Inventive Activity: Economic and Social Factors. (1962) (Princeton University Press, Princeton, NJ) 609–626Google Scholar
• Bloom N., Sadun R., Van Reenen J. Americans do I.T. better: US multinationals and the productivity miracle. (2007) . Working paper, London School of Economics, LondonGoogle Scholar
• Blundell R., Griffith R., Van Reenen J. Market share, market value and innovation in a panel of British manufacturing firms. Rev. Econom. Stud. (1999) 66(3):529–554Crossref, Google Scholar
• Cadbury A.Family Firms and Their Governance: Creating Tomorrow's Company from Today's (2000) (Egon Zehnder International, London) Google Scholar
• Chang S.-J., Chang C.-N., Mahmood I. When and how does business group affiliation promote firm innovation? A tale of two emerging economies. Organ. Sci. (2006) 17(5):637–656Link, Google Scholar
• Cohen W., Klepper S. A reprise of size and R&D. Econom. J. (1996) 106(437):925–951Google Scholar
• Cohen W., Levin R. C., Schmalensee R., Willig R. Empirical studies of innovation and market structure. Handbook of Industrial Organization (1989) II(Elsevier, Oxford, UK) 1059–1107Google Scholar
• Duchin R. Cash holdings and corporate diversification. J. Finance. (2010) . ForthcomingGoogle Scholar
• Faccio M., Lang L. The ultimate ownership of Western European corporations. J. Financial Econom. (2002) 65(3):365–395Crossref, Google Scholar
• Greenwald B., Stiglitz J. E., Weiss A. Informational imperfections in the capital markets and macro-economic fluctuations. Amer. Econom. Rev. (1984) 74(1):194–199Google Scholar
• Griffith R., Harrison R., Van Reenen J. How special is the special relationship? Using the impact of U.S. R&D spillovers on U.K. firms as a test of technology sourcing. Amer. Econom. Rev. (2006) 96(5):1859–1875Crossref, Google Scholar
• Griliches Z. Issues in assessing the contribution of research and development to productivity growth. Bell J. Econom. (1979) 10(1):92–116Crossref, Google Scholar
• Griliches Z. Patent statistics as economic indicators: A survey. J. Econom. Literature (1990) 28(4):1661–1707Google Scholar
• Hall B., Jaffe A., Trajtenberg M. The NBER patent citations data file: Lessons, insights and methodological tools. (2001) . NBER Working Paper 8498, National Bureau of Economic Research, Cambridge, MACrossref, Google Scholar
• Hall B., Jaffe A., Trajtenberg M. Market value and patent citations. RAND J. Econom. (2005) 36(1):16–38Google Scholar
• Hausman J., Hall B., Griliches Z. Econometric models for count data with an application to the patents–R&D relationship. Econometrica (1984) 52(4):909–938Crossref, Google Scholar
• Himmelberg C., Petersen B. R&D and internal finance: A panel study of small firms in high-tech industries. Rev. Econom. Statist. (1994) 76(1):38–51Crossref, Google Scholar
• Hitt M., Hoskisson R., Johnson R., Moesel D. The market for corporate control and firm innovation. Acad. Management J. (1996) 39(5):1084–1119Crossref, Google Scholar
• Jaffe A. Technological opportunity and spillovers of R&D: Evidence from firms' patents, profits and market value. Amer. Econom. Rev. (1986) 76(5):984–1001Google Scholar
• Jaffe A., Trajtenberg M. Patents, Citations and Innovations: A Window on the Knowledge Economy. (2002) (MIT Press, Cambridge, MA) Google Scholar
• Khanna T., Palepu K. The right way to restructure conglomerates in emerging markets. Harvard Bus. Rev. (1999) 77:125–134Google Scholar
• Khanna T., Rivkin J. Estimating the performance effects of business groups in emerging markets. Strategic Management J. (2001) 22(1):45–74Crossref, Google Scholar
• Khanna T., Yafeh Y. Business groups in emerging markets: Paragons or parasites? J. Econom. Literature (2007) 45(2):331–372Crossref, Google Scholar
• La Porta R., Lopez-de-Silanes F., Shleifer A. Corporate ownership around the world. J. Finance (1999) 54(2):471–517Crossref, Google Scholar
• Mahmood I.P., Mitchell W. Two faces: Effects of business groups on innovation in emerging economies. Management Sci. (2004) 50(10):1348–1365Link, Google Scholar
• Morck R. How to eliminate pyramidal business groups: The double-taxation of intercorporate dividends and other incisive uses of tax policy. Tax Policy Econom. (2005) 19:135–179Google Scholar
• Myers S., Majluf N. S. Corporate financing and investment decisions when firms have information that investors do not have. J. Financial Econom. (1984) 13(2):187–221Crossref, Google Scholar
• Nelson R. The simple economics of basic scientific research. J. Political Econom. (1959) 67:297–306Crossref, Google Scholar
• Palepu K. Diversification strategy, profit performance and the entropy measure. Strategic Management J. (1985) 6(3):239–255Crossref, Google Scholar
• Rajan R., Zingales L. Financial dependence and growth. Amer. Econom. Rev. (1998) 88(3):559–586Google Scholar
• Reinganum J. Uncertain innovation and the persistence of monopoly. Amer. Econom. Rev. (1983) 73(4):61–66Google Scholar
• Scherer F. M. Inter-industry technology flows in the United States. Res. Policy (1982) 11(4):227–245Crossref, Google Scholar
• Seru A. Do conglomerates stifle innovation? (2006) . Working paper, University of Chicago, ChicagoGoogle Scholar
• Stein J. Internal capital markets and the competition for corporate resources. J. Finance (1997) 52(1):111–133Crossref, Google Scholar
• Teece D. Firm organization, industrial structure, and technological innovation. J. Econom. Behav. Organ. (1996) 31(2):193–224Crossref, Google Scholar