its relation to various aspects of corporate financial policies and corporate innovation, and draw policy implications for … enhancing corporate innovation. First, we discuss how management quality has been measured in the recent empirical literature … investment policies, and on corporate innovation. Third, we consider the recent empirical literature on the relationship between …

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 …

influence of outsiders is offset by the pressure to focus on innovation strategies. …

We investigate the relationship between internal governance and firms' innovation. We hypothesize that internal … firm's innovation. Using the age difference between a CEO and her subordinate executives as the primary measure of internal … governance, we find a strong positive relationship between internal governance and firms' innovation output, and scientific and …

experience significantly better innovation outcomes, as measured by patents and future citations. We obtain these results in … CEOs on future innovation: firms whose CEO transitions to be an inventor experience positive abnormal stock returns …

better innovation outcomes, measured by patents and citations, greater innovation effectiveness, and more diverse and … to identify CEOs who are likely to drive innovation success …

Using panel data on U.S. public firms, we document a positive effect of board independence on corporate innovation … competition, and using more debt, where managers are more likely to be excessively risk averse. We establish causality of board … independence on innovation using a difference-in-difference approach that exploits an exogenous shock to board composition, namely …

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 …

number of citations to patents. Thus managers who are protected from takeover market perform worse on innovation. However … innovation. Empirical results indicate that an increase in antitakeover provisions is negatively related to number of patents and …, the negative relation between antitakeover provisions and firm innovation holds only for low-tech firms. For high …

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 …