We find evidence that chief executive officers' (CEOs') hobby of flying airplanes is associated with significantly better innovation outcomes, measured by patents and citations, greater innovation effectiveness, and more diverse and original patents. We rule out alternative explanations, leading...

Prior studies have shown that innovation has a mediating effect on the relationship between corporate governance and firm performance. This study compares this mediating effect in developed and developing countries using agency theory and signaling theory. A panel sample of 2,688 firms in...

This study aimed to investigate the mediating role of innovation between corporate governance and firm performance. The theoretical foundations of this study were the agency and resource dependence theories. The data were collected from annual reports of non-financial firms listed on the...