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Incentives for Innovation and Centralized versus Delegated Capital Budgeting
Dutta, Sunil - 2014
investment project. The manager's choice of innovation effort is subject to a holdup problem because of the ex post opportunism … on the part of headquarters. We analyze and contrast the performance of centralized and delegated forms of investment …' investment opportunity sets …
Persistent link: https://www.econbiz.de/10013067557
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Top Management Human Capital, Inventor Mobility, and Corporate Innovation
Chemmanur, Thomas J. - 2018
Using panel data on top management characteristics and a management quality factor constructed using common factor analysis on individual management quality measures, we analyze the relation between top firm management quality and corporate innovation inputs and outputs. We show that top...
Persistent link: https://www.econbiz.de/10012936994
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Competing with superstars
Ammann, Manuel; Horsch, Philipp; Oesch, David - 2015
This paper investigates the effect of superstar CEOs on their competitors. Exploiting shocks to CEO status due to prestigious media awards, we document a significant positive stock market performance of competitors of superstar CEOs subsequent to the award. The effect is more pronounced for...
Persistent link: https://www.econbiz.de/10011344197
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Incentives for innovation and centralized versus delegated capital budgeting
Dutta, Sunil; Fan, Qintao - In: Journal of Accounting and Economics 53 (2012) 3, pp. 592-611
investment project. The manager's choice of innovation effort is subject to a holdup problem because of the ex post opportunism … on the part of headquarters. We analyze and contrast the performance of centralized and delegated forms of investment …' investment opportunity sets. …
Persistent link: https://www.econbiz.de/10010572414
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Inventor CEOs
Islam, Emdad - 2019
innovative investment projects related to their own hands-on experience …
Persistent link: https://www.econbiz.de/10012899676
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Pilot CEOs and Corporate Innovation
Sunder, Jayanthi - 2016
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...
Persistent link: https://www.econbiz.de/10013006115
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Modelling the flow of knowledge and human capital : a framework of innovative capital
Kancs, D'Artis; Ciaian, Pavel - 2011
Recently, the EU Council adopted a new labour migration policy instrument - the EU Blue Cards (BC) - for attracting the highly skilled workers to the EU. The present paper examines the potential impacts, which BC may cause on less developed sending countries (LDC). Our results suggest that the...
Persistent link: https://www.econbiz.de/10011524909
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Innovation, decentralization, and planning in a multi-region model of Schumpeterian economic growth
Batabyal, Amitrajeet A.; Nijkamp, Peter - 2014
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...
Persistent link: https://www.econbiz.de/10011491971
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Human Capital, Skilled Immigrants, and Innovation
Ashraf, Rasha - 2018
&D investment proactively and contemporaneously. Firm-level innovation outcome, measured by patents and citations, declined for … shock. An increase in SG&A suggests a plausible increase in investment in the human capital of existing employees. Our …
Persistent link: https://www.econbiz.de/10012935436
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Human Capital, Skilled Immigrants, and Innovation
Ashraf, Rasha - 2018
defined as corporate investment policy, specifically, how firms acquire, assess, and retain human capital. We use patents …'s investment policy determines 1) how a firm allocates resources to obtain human capital from the domestic and international labor … market or to develop the human capital of existing employees and 2) how it adjusts capital investment in innovation to match …
Persistent link: https://www.econbiz.de/10012933303