This study examines how industry-specific managerial experience affects firms’ innovation performance in the context of … robust positive relationship between industry-specific experience of the top-manager and the decision to innovate as well as …

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 …Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such …

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 …Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such …

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 …Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such …