Firms involved in the widespread practice of (delegated) innovation scouting face a crucial challenge: How to motivate innovation scouts to engage in extensive search for innovative projects given that search success oftentimes eludes them? Motivated by common scouting practice, we build a...

The increasing demand for aviation complex products makes complex product manufacturers pay more attention to delivery efficiency, and the efficiency and effect of delivery problems are the key factors that restrict the delivery efficiency. This study aims to design a long-term effective...

In recent years, blockchain technology has been increasingly applied to the luxury supply chain traceability. It enables companies and consumers to track the product information and carbon footprint in the whole chain, which alleviating consumers' distrust of luxury goods. In the e-commerce...

Corporate governance scholars have engaged in a longstanding debate over the impact of state antitakeover provisions. Corporate law practitioners and researchers argue that the affirmation of the ``poison pill'' made the second generation of antitakeover statutes redundant, while empirical...

This note compares the investment policy and managerial compensation in family and non-family firms. The model is based on one hand a manager/shareholders conflict that should be more pronounced in non-family firms. Secondly large shareholders/small shareholders conflict should play a...

Recent years have seen a reemergence of the practice of awarding “mega grants” to CEOs. Mega grants are large, one-time equity awards granted in lieu of or in addition to annual awards with the intended purpose of providing significant incentive to the CEO to achieve long-term targets. The...

This paper investigates the impact of ESG disclosure on corporate risk-taking and how this impact is further affected by CEO power and incentives within US companies. We find that ESG disclosure decreases corporate risk-taking based on both accounting-based and market-based returns. Further, we...

Adopting a ‘positive theory of agency’ approach, we draw on insights from economic, finance, and accounting theory to develop and study the agency relation between the firm and the society in the context of the natural environment. We call it the natural environment agency theory (NEAT)....

Clinically available antifungal drugs have therapeutic limitations due to toxicity, narrow spectrum of activity, and intrinsic or acquired drug resistance. Thus, there is an urgent need for new broad-spectrum antifungal agents with low toxicity and a novel mechanism of action. In this context,...

Corporate social responsibility (CSR) contracting incorporates environmental, social and governance (ESG) related measures in executive compensation plans. Current research on this practice is limited to the US setting, despite it being adopted globally. We investigate the heterogeneity in CSR...