The Rise of Scientific Research in Corporate America

The authors thank seminar participants at Bar Ilan University, Ben Gurion University, Boston University, the Hebrew University, Northwestern University, the University of Pennsylvania, the ASSA 2021 annual meeting, the Strategy Science 2021 Conference, the 2021 Wharton Technology and Innovation Conference, the World Economic History 2022 Conference, the Academy of Management 2022 annual meeting, the 2022 meeting of the Operations Research Society in Israel, the 2023 GSU-CEAR Finance Conference, the 2023 NYU Economics of Strategy Conference, as well as Naomi Lamoreaux, Tim Simcoe, Bhaven Sampat, Tarun Khanna, and Filippo Mezzanotti for helpful comments and suggestions. The authors thank Petra Moser and John Graham for providing data on American Men of Science and financial data on CRSP firms, respectively, and Gioia Blayer, Tamara Calzado Real, Sophie Cote, and Hansen Zhang for excellent research assistance. The views expressed here are the authors’ and do not necessarily reflect those of the Bank of Israel. All remaining errors are the authors’ own.