innovation for equity-dependent firms and increased reliance on external equity. It also improves shareholders' contracting and … monitoring abilities, incentivizing managers to invest innovation. Fixed capital investment, which is less sensitive to …

We investigate the effect of patent disclosures on corporate innovation. Using the American Inventor's Protection Act … (AIPA) as a shock that increased patent disclosures, we find an increase in innovation for firms whose rivals reveal more … information after the AIPA and a decrease in innovation for firms whose own disclosures are divulged to competitors as a result of …

entrenched make acquisitions that generate more shareholder wealth and are more likely to increase corporate innovation …

Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship … between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more … active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue …

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 …

acquisitions (M&As) and corporate innovation. It also identifies relevant policies implemented by countries around the world to … encourage corporate innovation activities, and discusses the experience from which policy makers and practitioners in Asia could … learn lessons from. Finally, it makes policy recommendations to promote innovation in both emerging and developed economies …

We examine whether a firm's voluntary disclosures, proxied by management earnings forecasts, affect its innovation … natural experiment for an exogenous shock to voluntary disclosure. Corporate innovation is reduced for accelerated filers …, especially after SOX becomes effective. Nondedicated institutional ownership, R&D spillover, and rival firms' innovation are …