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 … risk-taking incentive after the implementation of FAS 123R leads to a significant reduction in innovation related to firm …

This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non … predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity a merger reduces innovation in both the merged entity and in non-merging competitors in an industry with high R …

that analysts spur product innovation, and that the timing of firms' response varies by the significance of innovation …

Disruptive innovation can be described as the introduction of a new conceptual idea or meme into an existing system … economy, and digital technologies have made disruptive innovation a threat in almost every industry. Changes to publishing … caused by such change. Disruptive innovation, however, follows predictable patterns. Investors can anticipate these shifts if …