Abstract The United States has long been perceived as a land of opportunity for immigrants.
Yet, both in the past and today, US natives have expressed concern that immigrants fail to …

We review the recent literature on the financing of innovation, inclusive of large companies
and new start-ups. This research strand has been very active over the past five years …

Economic theory suggests that market economies are likely to underprovide innovation
because of the public good nature of knowledge. Empirical evidence from the United States …

US fair-lending law prohibits lenders from making credit determinations that disparately
affect minority borrowers if those determinations are based on characteristics unrelated to …

ABSTRACT A large literature exploits geographic variation in the concentration of
immigrants to identify their impact on a variety of outcomes. To address the endogeneity of …

Using a novel database of firm patents and board characteristics across 45 countries, we
examine both within-and cross-country determinants of board gender diversity and its …

Highly skilled workers play a central and starring role in today's knowledge economy.
Talented individuals make exceptional direct contributions—including breakthrough …

Despite significant interest in corporate culture, there is little empirical research on its role in
influencing corporate misconduct. Using cultural background information on key company …

Immigration has been a steady force acting on population and employment within countries
throughout human history. Focusing on the last four decades, we show that the mix of …

We build a model of firm-level innovation, productivity growth, and reallocation featuring
endogenous entry and exit. A new and central economic force is the selection between high …