Abstract excerpt > We provide systematic evidence on the economic damages from espionage to US firms and industries.. revenues and R&D expenditures at targeted

Abstract excerpt > We provide systematic evidence on the economic damages from espionage to US firms and industries.. revenues and R&D expenditures at targeted firms decline by roughly 40% within five years.. exports in targeted sectors decline by 60% over a decade.. espionage has clear economic harms to targeted firms and US industry, but firms are puzzlingly unresponsive in how they manage innovation.