Building on prior research that postulates a positive relationship between firms’ cash flow and innovation output, we examine whether the use of cashflow performance metrics in CEOs’ compensation contracts has a positive effect on firms’ innovation output. We hypothesize and find that...

Most prior studies model tax avoidance as a function of firm-level characteristics and do not consider how individual executive characteristics affect tax avoidance. This paper investigates whether executives with superior ability to efficiently manage corporate resources engage in greater tax...