We identify firm innovation as a channel through which the treatment of employees affects firm value. Long-term incentive theory supports positive effects of “good” employee treatment on innovation. Alternatively, entrenchment theory suggests such treatment will lead to complacency and...

The broad society had already issued the question about the EU support distribution principles for agriculture of ongoing period with regard to chief beneficiaries from direct payments and other support measures. The changing understanding of responsibilities, which arise alongside the farming...

We analyze the effect of CEO food culture on corporate innovation using a sample of Chinese listed firms from 2000 to 2016. We extend benign masochism and behavioral consistency theories to determine that a CEO with Szechuan cuisine food culture is positively associated with corporate...

Financial companies worldwide are blamed for having precipitated the gravest global economic meltdown since the Great Depression of the 1930s. While the aftershocks of the last turmoil are still palpable and some observers prophesy that another sharp economic downturn might be in the offing –...

We show that U.S. state-level Employment Non-Discrimination Acts (ENDAs) — laws that prohibit discrimination based on sexual orientation and gender identity — spur innovation. We find a significant increase in patents and patent citations for firms headquartered in states that have passed...

We investigate the dynamics of interest loan spreads for performance sensitive debt (PSD) over time, related to both fixed loans and spreads for different categories of borrowers. Early studies identified lower spreads for PSD versus other fixed rate loans. Theories for the relative PSD rates...

This paper investigated the precise mechanism adopted by some firms to enter and sustain in challenging, non-remunerative and fragmented markets like the Bottom of the Pyramid. Contrary to the received wisdom of a predominantly philanthropic orientation coupled with moderate profits, this paper...

Seven “Corporate Venturing” Strategies to Foster Innovation tackles the question: What should companies do to accelerate innovation and remain relevant? Or, stated differently: What should companies do to avoid being disrupted by more agile and innovative startups? One answer is corporate...