This paper examines the effects of promotion-based tournament incentives for non-CEO executives on corporate innovation …. We find that firms with greater tournament incentives, which are measured as the pay gap between the CEO and other … tournament incentives. The attraction of talent and the reduction in excessive board interventions appear two plausible …

's core business and explorative inventions. It implies that managers diversify their innovation portfolios and decrease …

We investigate the relationship between CEO risk incentives and the innovation premium (IP) proposed by Forbes. We … measures of CEO risk incentives, have a positive relationship with the IP. Additional tests reveal that the traditional patent …-related outputs are also motivated by CEO risk incentives, but only in the IT industry. Overall, our findings are consistent with 1 …

managers' compensation contracts are reset favorably. We provide support for the theory that compensation contracts that offer … examination of compensation contracts of S&P 400, 500, and 600 firms we find that long-term incentives in the form of options are …

firm. We find a positive relationship between firm patenting activity and managerial alignment incentives created by stock … finding suggests innovation is one such channel through which equity alignment incentives positively impact firm value. On the …

's prospects are ambiguous, the use of extrinsic, high-powered incentives can lead the agent's beliefs about the project's outcome … alleviated for firms in which agents have strong intrinsic incentives to adhere to firms' goals and missions. In equilibrium …, extrinsic and intrinsic incentives are complementary, and firms that face greater uncertainty invest more in fostering intrinsic …