We find the optimal time for entering a joint venture by two firms, and the optimal linear contract for sharing the profits. We consider risk-sharing, timing-incentive and asymmetric decisions contract designs. If the firms are risk-neutral and the cash payments are allowed, all three designs...

In this paper we consider competitive performance of 73 leading Croatian companies along eight dimensions which were determined based on exploratory research (interviews with managers). We link present competitive performance with past innovation and future innovation plans. We argue that if the...

Innovation development is a very complex and risky activity that requires adequate financial resources and appropriate skills and knowledge. Due to the complexity of the development process, innovation project can be either delayed or abandoned. In this paper we investigate factors that make it...