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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 …
Persistent link: https://www.econbiz.de/10012895725
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 …
Persistent link: https://www.econbiz.de/10014533534
Persistent link: https://www.econbiz.de/10014635040
Our paper examines the relationship between industry tournament incentives for CEOs and corporate innovation. We find … that the external pay gap is positively associated with subsequent innovation output and its economic value. Our results … innovation, and various controls for corporate governance, business strategy, and CEO attributes. We employ a quasi …
Persistent link: https://www.econbiz.de/10013224134
This article investigates how a firm's financial strength affcts its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from its...
Persistent link: https://www.econbiz.de/10011404565
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...
Persistent link: https://www.econbiz.de/10013002220
innovation activity and corporate firm performance as well as the joint consequences of female directors and innovation activity … gender-diverse boards allow for higher levels of creativity and hence innovation. In order to account for endogeneity issues …) innovation activity. …
Persistent link: https://www.econbiz.de/10011871650
This paper provides highly significant evidence that golden parachutes spur innovation in concentrated … lead to higher levels of innovation quantity and quality through a risk-taking mechanism. The positive effects of … parachutes on innovation are more pronounced when ownership concentration increases for SOEs, as well as when ownership …
Persistent link: https://www.econbiz.de/10013242746
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 …
Persistent link: https://www.econbiz.de/10013060331
costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … terms of gains for innovation performance, but also show that collaboration has decreasing and even negative returns on … product innovation if its intensity increases above a certain threshold. In particular, costs start outweighing benefits if a …
Persistent link: https://www.econbiz.de/10010383763