We investigate the impact of CEO’s happiness on firm innovation in China. As happiness is difficult to measure, we use … actively promote higher reward and risk innovation strategies, and that employee wellbeing represents a channel through which … CEO unhappiness promotes innovation. The non-linear relationship between CEO age and risk-taking behaviour helps settle …

's core business and explorative inventions. It implies that managers diversify their innovation portfolios and decrease …We investigate how CEO's risk incentive (vega) affects firm innovation. To establish causality, we exploit compensation … identification tests indicate a positive and causal effect of CEOs' vega on innovation activities. Furthermore, dampened managerial …