This article analyzes some socio-legal, economic and taxation issues pertaining to Equity-Based Incentives (EBIs), and …

Ordinary least squares (OLS) estimates are frequently used to measure the effects of managerial incentives on corporate … innovation. However, these estimates suffer from two data problems. First, corporate innovation data have a discrete spike at … zero because many firms never engage in corporate innovation. Second, univariate outliers are common in our data. This …

levels of managerial effort and innovation, respectively. The optimal executive compensation structure is shown to depend on … efficient investment policy involves high innovation, highlighting the role played by the delegation of investment decisions in …

Existing literature offers opposing views on the effects of financial crises on firm innovation. We provide evidence … compensation mechanism that firms use to motivate managers to innovate during crises, as an important driver that improves firm … able to innovate by compensating managers with options. We identify exogenous variation in option compensation using …

We investigate the relationship between CEO risk incentives and the innovation premium (IP) proposed by Forbes. We … suggest that compared to traditional proxies of innovation, the IP is a comprehensive measure of a firm’s overall innovation … and, therefore can measure innovation in broader industries. We find that both option vega and vega-to-delta ratio, as …

generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further …. -- Intellectual property rights ; endogenous growth ; entrepreneurship ; incentives ; knowledge spillovers ; rents … innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial …