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This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …
Persistent link: https://www.econbiz.de/10013428336
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …
Persistent link: https://www.econbiz.de/10011444773
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 …
Persistent link: https://www.econbiz.de/10008938024
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 …
Persistent link: https://www.econbiz.de/10014181017
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 …
Persistent link: https://www.econbiz.de/10013068231
Persistent link: https://www.econbiz.de/10012167304
We investigate whether the decision to experiment with novel policies is influenced by electoral incentives. Our empirical setting is the U.S. welfare reform in 1996, which marked the most dramatic shift in social policy since the New Deal. We find that electoral incentives matter: governors...
Persistent link: https://www.econbiz.de/10011814867
Persistent link: https://www.econbiz.de/10001825644
Persistent link: https://www.econbiz.de/10009306343
Persistent link: https://www.econbiz.de/10009707245