Despite extensive research on the impact of ambidexterity strategy on firm performance, little is known about how team and individual factors affect innovation performance in new-venture businesses. In response to the call for research on the topic, this study examines the relationship between...

Are CEOs' attitudes and beliefs linked to their firms' innovative performance? This paper uses Malmendier and Tate's measure of over-confidence, based on CEO stock-option exercise, to study the relationship between a CEO's revealed beliefs about future performance and standard measures of...

In this paper, we review the theoretical and empirical literature on measuring the top management quality of firms, and its relation to various aspects of corporate financial policies and corporate innovation, and draw policy implications for enhancing corporate innovation. First, we discuss how...

Automation, even while increasing aggregate employment in the long run, can displace and cause significant harm to incumbent employees. We propose that managers’ prosocial preferences, specifically their desire not to displace and harm their employees, deter investing in automation innovation....

Well, among the many lessons in the Enron scandal is that stock options don't always match the same interests as those of shareholders. Enron executives walked away with tens of millions of dollars. Enron shareholders have nothing. All of this has put new urgency into the debate about whether...

Excessive risk taking due to a flawed remuneration design is widely regarded as the cause of the recent Financial Crisis. This article endeavours to examine the problem from a legal and economic perspective. A remuneration package should reward managers for successfully advancing the interests...

This chapter assesses the behavior of corporate managers and boards of directors within the framework of agency theory, stewardship theory, and psychological biases. In agency theory, a chief executive officer (CEO) is motivated to act in his or her own best interests rather than those of...

This report is centered around three research questions on newspaper coverage and executive compensation in The Netherlands. 1) How has the coverage developed over the years? 2) How selective are newspapers in their coverage? And 3) What are the influences of newspaper coverage on executive...