Corporate innovation is an increasingly important topic that has attracted great attention from academic researchers in … Financial Economics, and the Review of Financial Studies) together published a total of only five papers on corporate innovation … the drivers and financing sources of corporate innovation …

incorporating proxies for these factors and perhaps extending our comparison to more countries. -- Financial markets ; International …

profitability toward maximizing shareholders' wealth. Little attention seems to have been paid so far to an inter-country comparison …

explanatory variables employed in the model, demonstrated their significant discriminating power between the two comparison groups …

We investigate how CEO's risk incentive (vega) affects firm innovation. To establish causality, we exploit compensation … identification tests indicate a positive and causal effect of CEOs' vega on innovation activities. Furthermore, dampened managerial … risk-taking incentive after the implementation of FAS 123R leads to a significant reduction in innovation related to firm …

developing economies with less well-developed financial markets. As innovation is a central driver of growth, it is therefore … important for policymakers to understand how different sources of financing may affect innovation. Extant literature emphasizes … the effect on innovation inclusive of other sources of external finance that may be particularly important in the …

idea that export intensity and innovation intensity are driving channels of exporting and innovative firms investment … export and innovation performances vanish firms investment sensitivity to financing constraints. Moreover, exporting firms … export intensity is significantly and positively sensitive to days receivable outstanding while innovative firms innovation …