's core business and explorative inventions. It implies that managers diversify their innovation portfolios and decrease …We investigate how CEO's risk incentive (vega) affects firm innovation. To establish causality, we exploit compensation … identification tests indicate a positive and causal effect of CEOs' vega on innovation activities. Furthermore, dampened managerial …

its relation to various aspects of corporate financial policies and corporate innovation, and draw policy implications for … enhancing corporate innovation. First, we discuss how management quality has been measured in the recent empirical literature … investment policies, and on corporate innovation. Third, we consider the recent empirical literature on the relationship between …

of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type …

CEOs, managers and non-managerial employees’ ideas enhances small firms’ innovation performance. A Heckman selection model … on 305 small firms shows that not only CEO’s and managers’, but also non-managerial employees’ ideas contribute to … innovation performance. However, contributions depend heavily on the individuals’ area of expertise and on whether product or …

improving efficiency. -- Process innovation ; managerial incentives ; efficiency ; natural experiment …

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 …Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such …

influence of outsiders is offset by the pressure to focus on innovation strategies. …

incumbent employees. We propose that managers’ prosocial preferences, specifically their desire not to displace and harm their … employees, deter investing in automation innovation. Using both novel and previously-used proxies of prosocial preferences (e … reports, Machiavellianism score, and charity engagement), we show that managerial prosociality decreases automation innovation …