Although the role of managers is crucial in shaping firm innovation, it also poses a dilemma. Because innovation is a … complicated and long-term process that requires effort and attention, managers may reduce effort in innovation when faced with … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest …

capabilities, the governance of major U.S. business corporations supports investment in innovation. This Element explains how … investment in innovation in the United States. It concludes by outlining a policy framework, beginning with a ban on stock …

commitment to investment in the collective and cumulative learning that is the foundation of industrial innovation. …