Innovation
Oct 31, 2023
Professors Ashish Arora and Sharon Belenzon say pharmaceutical discoveries and AI show the first-mover advantage of companies engaging in scientific research
Science is at the root of inventions that improve lives and increase firms’ productivity and profits. But Professor Ashish Arora of Duke University’s Fuqua School of Business says companies who rely on public scientific discoveries may find it difficult to earn above-average returns from the innovation.
“When you have a public... read more