We design a performance-on-structure experiment, where performance is measured by innovation outcomes and structure is …, patents normalized by R&D intensity, patent citations, and citations per patent to measure innovation outcomes. A firm … market or to develop the human capital of existing employees and 2) how it adjusts capital investment in innovation to match …

We view innovation investment as a real option and explore the implications of ambiguity (Knightian uncertainty) and … risk for innovation decisions. Our analysis uses a risk measure and a new outcome-independent measure of ambiguity. We find …

This study examines the relation between employee incentives and corporate innovation. We find that firms with a higher … the accumulation of pension obligations, negatively affect innovation outcomes. The value of a DB plan influences … innovation by motivating employees to produce higher output and through loyalty. However, pension deficits impede innovation …

We examine the causal effect of unionization on firm innovation. To establish causality, we use a regression … appear plausible mechanisms through which unionization impedes firm innovation. Our paper provides new insights into the real … encourage innovation …

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 …

We develop a theory of the interaction between product market competition, corporate spin-offs, and innovation. In our … new technology division, after which the spun-off firm invests optimally in developing and commercializing the innovation …

effects on product innovation in the consumer-goods sector. We combine highly granular retail-scan data with lending data from … innovation. Overall, these findings suggest that disruptions to credit markets make firms innovate less and less boldly …

We analyze the spillover effect of fixed asset investment incentive on firm innovation by estimating the influence of … asset investment incentive significantly reduces firm innovation. In a simple model, we show that the reduction could arise … because some firms choose to upgrade their technology given the investment incentive, and the upgrade crowds out innovation …

This paper studies a dynamic duopoly in which firms compete in the adoption of new technologies. The innovation process …