experience significantly better innovation outcomes, as measured by patents and future citations. We obtain these results in … CEOs on future innovation: firms whose CEO transitions to be an inventor experience positive abnormal stock returns …

'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 …

innovation inputs and outputs. We show that top management quality is an important determinant of corporate innovation, with … different individual aspects of management quality affecting innovation in younger and older firms differently. Further, firms … with higher top management quality engage in more risky (“explorative”) innovation strategies. Finally, hiring more and …

better innovation outcomes, measured by patents and citations, greater innovation effectiveness, and more diverse and … to identify CEOs who are likely to drive innovation success …

We investigate the relationship between chief executive officer (CEO) compensation and innovation. In an empirical … positively related to patents and citations to patents. In addition, convexity of options has a positive effect on innovation. We … managers' compensation contracts are reset favorably. We provide support for the theory that compensation contracts that offer …

more sensitive to the firm's stock price the innovation performance of a firm improves. Entrenched managers, however, are …This paper investigates whether aligning manager and owner incentives can improve the innovation performance of firms …-term incentives have little impact on innovation. Higher managerial tenure increases the probability of R&D spending and innovation …