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 … democratic governance structure and relatively low product market competition. Using a panel dataset from 1990s, compiled from …&D, product market competition, and Governance index, we show that there is a robust association between innovation and the …