We examine the effect of auditor conservatism on corporate innovation. We hypothesize that because conservative … auditors constrain income-increasing accounting discretion, managers may sacrifice long-term investments in innovation to boost … increased auditor conservatism on corporate innovation is more pronounced when the client firms are under greater equity- and …

innovative activity in the U.S. semiconductor industry. How important are patent rights as a stimulus to innovation investment in …

The past decade has witnessed a resurgence in innovation awards, in particular of Grand Innovation Prizes (GIPs) which … innovation theories where prizes and patents are substitute ways to generate revenue and encourage innovation. Building on the … management of innovation literature which stresses the difficulty to specify exante all the technical features of the winning …

Using a newly assembled dataset of U.S. patents, we show that overall innovation activity is less concentrated in high … knowledge flows between distant fields, but are less relevant for flows between close fields. We build a model of innovation in …