Until recently, different types of innovation strategy have been introduced in innovation studies. However, their … of different innovation strategies on firms' market performance using the panel data for 2,496 firms obtained from Korea … Innovation Survey (2010). In doing so, we categorize firms depending on whether their products are new to the firm or to the …

innovation. However, these estimates suffer from two data problems. First, corporate innovation data have a discrete spike at … zero because many firms never engage in corporate innovation. Second, univariate outliers are common in our data. This … find a positive relation between corporate innovation and vega (sensitivity of CEO wealth to stock volatility) only through …