This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment … that the introduction of profit-sharing only spurs product innovation. …

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation. -- Corporate governance ; managerial ownership ; entrenchment ; innovation …

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …

innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …

This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth … neighboring counties in different states. We find that taxes matter for innovation: higher personal and corporate income taxes …. Agglomeration effects from local innovation clusters tend to weaken responsiveness to taxation. Corporate inventors respond more …

linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …