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Adrian Tschoegel provided insightful comments and suggestions on earlier drafts of this paper. We are grateful to Sea-Jin Chang for allowing us to use data from the Korea Abstract This paper shows that business groups in emerging economies exert dual effects on innovation. While groups facilitate innovation by providing institutional infrastructure, groups(More)
This research shows that alliance networks shape how firms respond to uncertainty-reducing information generated outside a network. Product awards signal the potential commercial success of the award-winning firms, which reduces the uncertainty of new R&D investment. Networks magnify or diminish a firm's R&D response to the market signals, depending on the(More)
This paper examines the effects of different types of cross border external linkages on innovation. Using Taiwan as the empirical setting, we examine how the effects of external linkages on innovation vary depending on the type of linkages (joint Venture, licensing, acquisition, etc.) as well as the type of innovation (radical versus incremental). Our(More)
Business groups are important sources of innovation in emerging economies, but there is substantial heterogeneity in the extent of innovative activity by groups, both across groups and over time. Variation in the density of intra-group buyer-supplier ties that are common linkages among group affiliates may help explain the heterogeneity. Buyer-supplier ties(More)