We study the relationship between corporate governance and firms' environmental innovation. Exploiting changes in …

This paper examines how internationalization spurs corporate innovation. Internationalization heightens the competitive … innovation projects which are supported by improved financial flexibility. We obtain robust evidence with difference … innovation rather than on basic research …

Using panel data on U.S. public firms, we document a positive effect of board independence on corporate innovation … independence on innovation using a difference-in-difference approach that exploits an exogenous shock to board composition, namely …

performance in innovation-intensive industries. Firms with female directors tend to invest more in innovation and obtain more … mechanisms, the positive association between female board representation and corporate innovation is stronger when product market … performance only for firms for which innovation and creativity play a particularly important role …

We examine whether institutional investors with short-term incentives affect firms' innovation performance. We find … innovation performance, as measured by patents and citations. To address potential endogeneity, we exploit the positive liquidity … concentrated short-term investors are less likely to engage in explorative innovation. We nevertheless also find that the negative …

measure innovation with, at times, conflicting results. We benchmark the validity of these innovation proxies using a novel … for Tobin’s Q and provides an appraisal of innovation assets. Additionally, we include trademarks as a new proxy to … capture un-patentable and undisclosed innovation. We find that two innovation proxies, the market response to new patents and …

innovation. Empirical results indicate that an increase in antitakeover provisions is negatively related to number of patents and … number of citations to patents. Thus managers who are protected from takeover market perform worse on innovation. However …, the negative relation between antitakeover provisions and firm innovation holds only for low-tech firms. For high …

This paper provides highly significant evidence that golden parachutes spur innovation in concentrated … lead to higher levels of innovation quantity and quality through a risk-taking mechanism. The positive effects of … parachutes on innovation are more pronounced when ownership concentration increases for SOEs, as well as when ownership …

This paper studies how corporate board diversity affects disruptive innovation. We find that director boards with …

This paper empirically examines the impact of exiting the stock market on corporate innovation activities using … consisting of firms that conducted public-to-private MBO and matched firms. Also, hypotheses regarding ex-post firm innovation … going private transactions on firm innovation activities among the whole MBO firms. However, I find that firms with low ex …