" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …

existing sales from future challengers. In this fundamental way, competition promotes innovation. We apply this basic insight … internalizes business-stealing effects arising from their parallel innovation efforts and thus tends to depress innovation … of R&D, may offset the adverse effect of a merger on innovation. We describe the possible effects of a merger on …

The appropriability of innovation depends not only on the instruments available to an innovator to protect private … pursue a narrow or broad customer segment, or whether to commercialize a "minimal viable product" version of their innovation …

two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …

divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the … investment opportunities. I argue that continuing to invest in dirty industries could drive green innovation conditional on …