We investigate the relationship between a firm's compensation structure and the extent to which its innovation is more exploration versus exploitation oriented. Specifically, we assess two aspects of a firm's compensation design—horizontal dispersion within pay levels and vertical tournament...

This paper sheds light on the incongruent findings concerning the relationship between family involvement and firms' corporate social responsibility (CSR). While prior studies have mainly taken the perspective of families' socio-emotional wealth preservation, we approach this relationship from...