-pay on innovation is mainly relevant among overconfident managers than non-overconfident ones. …-performance "innovation" effect for option-based compensation is higher than that for stock-based compensation. Within the options (stocks … achieve less innovation compared to those of high-growth firms. Throughout, we reveal that the effect of CEOs performance …

experience significantly better innovation outcomes, as measured by patents and future citations. We obtain these results in … indicated by a greater number of both highly cited and uncited patents, and engage more in explorative search strategies that … CEOs on future innovation: firms whose CEO transitions to be an inventor experience positive abnormal stock returns …

number of citations to patents. Thus managers who are protected from takeover market perform worse on innovation. However … innovation. Empirical results indicate that an increase in antitakeover provisions is negatively related to number of patents and … managerial entrenchment on firm innovation. Overall, our results support the agency based explanation of the relation between …