This study analyzes how promotion-based tournament incentives for non-CEO senior executives affect corporate innovation … alternative innovation measures, including patent generality and originality indices and stock market reactions to patent grants … period prior to CEO turnovers, especially when the succeeding CEO is promoted from within the firm and when senior managers …

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 …

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 …

levels of managerial effort and innovation, respectively. The optimal executive compensation structure is shown to depend on … efficient investment policy involves high innovation, highlighting the role played by the delegation of investment decisions in …

Corporate innovation plays a crucial role in maintaining competitiveness and enhancing firm value. However, despite … being the world's leading manufacturing nation, the role of managerial ownership in fostering innovation within the Chinese … ownership on corporate innovation using data on patent activities from Chinese listed manufacturing firms covering the period …