Roychoudhury, Saurav; Bhowmik, Anuj; Chattopadhyay, Srobonti - Volkswirtschaftliche Fakultät, … - 2015
We consider a two period career concern model where corporate governance is a decisive factor for innovation efforts by … a manager. In the beginning of the frst period, a manager decides whether to innovate. Prior to the innovation decision … probability distribution of managerial abilities. The success of the innovation is both a function of the managerial ability and …