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Pérez-Castrillo, David; Wettstein, David - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

Persistent link: https://www.econbiz.de/10010352434

Firms' Innovation Strategy under the Shadow of Analyst Coverage

Guo, Bing; Pérez-Castrillo, David; Toldrà-Simats, Anna - 2017

We study the effect of analyst coverage on firms’ innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms’ in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …

Persistent link: https://www.econbiz.de/10011698741

Executive Compensation: A Survey of Theory and Evidence

Edmans, Alex; Gabaix, Xavier; Jenter, Dirk - 2017

This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...

Persistent link: https://www.econbiz.de/10011744891

CEO Compensation: Evidence from the Field

Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021

We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...

Persistent link: https://www.econbiz.de/10012599249

CEO Compensation : Evidence from the Field

Edmans, Alex; Gosling, Tom; Jenter, Dirk - 2021

Persistent link: https://www.econbiz.de/10013220138

Key Success Drivers in Public Research Grants: Funding the Seeds of Radical Innovation in Academia?

Banal-Estañol, Albert; Macho-Stadler, Ines; … - 2016

innovation, we characterize such “radical teams” as those formed by eclectic and non-usual collaborators, and those that are …

Persistent link: https://www.econbiz.de/10011451470

Endogeneous Matching in University-Industry Collaboration: Theory and Empirical Evidence from the UK

Banal-Estañol, Albert; Macho-Stadler, Inés; … - 2013

We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in terms of ability on one side and affinity in the...

Persistent link: https://www.econbiz.de/10010318800