This paper analyses the relationship between past innovation output, competition, and future innovation input in a … results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively …

market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and … research institutions enhance original innovation. …

We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment … that the introduction of profit-sharing only spurs product innovation. …

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

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …

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. …