The development of formal ICT standards is a challenging form of collaborative innovation, combining consensus decision … panel of standards, we then confirm empirically the prediction that consortia have different effects on innovation under a … Public Good or Rent Seeking regime. Overall, we observe an increase in innovation after a firm joined a consortium. However …

over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain …&D) expenditure. Overconfident managers only achieve greater innovation than non-overconfident managers in innovative industries …