Innovation in Business Groups

Using novel data on European firms, this paper investigates the relationship between business groups and innovation. Controlling for various firm characteristics, we find that group affiliates are more innovative than standalones. We examine several hypotheses to explain this finding, focusing on gr...

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Veröffentlicht in:	Management science 2010-03, Vol.56 (3), p.519-535
Hauptverfasser:	Belenzon, Sharon, Berkovitz, Tomer
Format:	Artikel
Sprache:	eng
Schlagworte:	Affiliates Applied sciences Business enterprises business groups Business innovation Business networks Business partnership Business structures Business studies Capital markets Cash flow Corporate finance Correlation analysis Diversification Economic aspects Epics Exact sciences and technology Financing methods Funding Groups Hypotheses innovation Innovation diffusion Innovations Intellectual property internal capital markets Knowledge Knowledge management Knowledge sharing knowledge spillovers Management science Operational research and scientific management Operational research. Management science Organizational change Portfolio theory R&D Research & development Standard error Studies Technological innovation
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