Aerts, Kris; Kraft, Kornelius; Lang, Julia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment … our hypothesis by comparing measures of innovativeness. Based on matching (selectivity on observable covariates) in a … that the introduction of profit-sharing only spurs product innovation. …