Purpose: The purpose of this paper is to examine the impact of common ownership on corporate innovation, including innovation input, innovation output and postgrant patents. Design/methodology/approach: This paper uses the ordinary least square model and the difference-in-differences technique...

Despite the vast literature on why firms should engage in corporate social responsibility (CSR) and an increasing desire expressed by managers to pursue CSR, many managers have yet to integrate CSR principles in their daily practices due to the lack of a clear link between CSR and corporate...

We document a positive effect of monitoring institutional ownership on firm innovation after controlling for traditional measures of institutional ownership. We further find that monitoring institutions enhance firm innovation by: 1) incentivizing CEO risk-taking and reducing intense board...