's core business and explorative inventions. It implies that managers diversify their innovation portfolios and decrease …We investigate how CEO's risk incentive (vega) affects firm innovation. To establish causality, we exploit compensation … identification tests indicate a positive and causal effect of CEOs' vega on innovation activities. Furthermore, dampened managerial …

What might motivate employees to participate in internal crowdsourcing, a peer-based approach to innovation? Should … are aligned with the aspirational, peer-based approach to innovation? We partnered with NASA for a qualitative study and a … participate in crowdsourcing. First, we show that concerns about the legitimacy of peer-based innovation disincentivize employees …

its relation to various aspects of corporate financial policies and corporate innovation, and draw policy implications for … enhancing corporate innovation. First, we discuss how management quality has been measured in the recent empirical literature … investment policies, and on corporate innovation. Third, we consider the recent empirical literature on the relationship between …