Innovation is important for firm performance and broader economic growth. But breakthrough innovations necessarily … require greater risk-taking than more incremental approaches. To understand how managers respond to uncertainty when making …' personal risk preferences and found that decision-makers who are more tolerant of risk were more likely to fund breakthrough …

This paper examines whether there are complementarities between investments in ICT, R&D and organizational innovation … return of 9.7%, followed by 6% to 7% on organizational innovation and a modest 1.4% to 1.8% on R&D in services and …

This paper documents the increasing importance of software for successful innovation in manufacturing sectors well …

This paper examines the impact of government assistance through R&D grants on innovation output for firms in New … the world while its effects on process innovation and any product innovation are relatively much weaker. Moreover, there …

decision can be explained by a simple property rights model. The unique availability of disaggregate information on outputs as …

to forgo the potentially valuable private information of their managers. We study the introduction of job testing across … 15 firms employing low-skilled service sector workers. When faced with similar applicant pools, we find that managers who … appear to hire against test recommendations end up with worse average hires. This suggests that managers often overrule test …

jobs: the intensity of involvement in information processing and decision, the intensity of constraints weighing on the … positively correlated both with a higher level of blue collars' involvement in information processing and decision and with a …

"spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …