compensation mechanism that firms use to motivate managers to innovate during crises, as an important driver that improves firm … able to innovate by compensating managers with options. We identify exogenous variation in option compensation using …

A common decision that organizations make is to prioritize and allocate resources to managers of competing new product … projects. On successful completion of the projects, organizations often reward their project managers using a standardized … incentive plan; that is, they reward the success of all managers equivalently disregarding the differential amount of resources …

) the empirical evidence of Coles et al. (2006) that a higher vega after controlling for delta motivates managers to …