innovation intensity to escape competition. The U-shaped relation is more pronounced in industries where firms compete in …We find a U-shaped relation between industry concentration and innovation. The relation is driven by neck …-and-neck industries where firms operate with similar productivity. When industry concentration is low, innovation intensity decreases as …

This paper examines the effects of promotion-based tournament incentives for non-CEO executives on corporate innovation … executives, are associated with a higher level of patent quantity and quality, innovation efficiency, and patent importance and … underlying mechanisms through which tournament incentives promote firm innovation. Our paper highlights the importance of inter …

We develop a theory of control rights in the context of licencing interim innovative knowledge for further development … downstream development unit, a buyer of the interin innovation, arise from its ability to prevent the upstream research unit from … then value of her innovation is low. By constraining the financial flexibility of the upstream unit vis-a-vis her choice …