The creation of spinoff companies is often promoted as a desirable mechanism for transferring knowledge and …

innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation …