NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Intracompany Governance and Innovation

Sharon Belenzon, Tomer Berkovitz, Patrick Bolton

NBER Working Paper No. 15304
Issued in August 2009

---- Acknowledgements -----

We thank Liat Oren for invaluable assistance with the programming of the ownership algorithm and Hadar Gafni for excellent research assistance. We also thank Luca Enriques, Daniel Ferreira, Ronald Gilson, Joshua Lerner, Randall Morck, Daniel Paravisini, Katharina Pistor, David Robinson, John Van Reenen and Daniel Wolfenzon for helpful comments. All remaining errors are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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