Knowledge lost in capital

Stefano Baruffaldi, Fabian Gaessler

Research output: Contribution to journalConference articlepeer-review


We estimate the contribution of research-related assets in the production of new knowledge. We hereby exploit a set of 111 adverse events at research institutions as plausibly exogeneous physical capital shocks. We find that scientific productivity of affected researchers is substantially reduced after these shocks, both in terms of number of scientific publications and their impact, as measured by citations. We explore the heterogeneity of this effect for the scientist's role in subsequent research projects and find differential effects with respect to the type of lost capital. In particular, losses of specific and internally processed research material show the highest impact. Furthermore, the effect appears strongest for first and last-authored publications, which represent the most salient publications for a scientist.

Original languageEnglish
JournalAcademy of Management Proceedings
Issue number1
Publication statusPublished - 9 Jul 2018
Event78th Annual Meeting of the Academy of Management, AOM 2018 - Chicago, USA United States
Duration: 10 Aug 201814 Aug 2018

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation
  • Industrial relations


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