Firms involved in the widespread practice of (delegated) innovation scouting face a crucial challenge: How to motivate innovation scouts to engage in extensive search for innovative projects given that search success oftentimes eludes them? Motivated by common scouting practice, we build a...

We investigate the relationship between CEO risk incentives and the innovation premium (IP) proposed by Forbes. We suggest that compared to traditional proxies of innovation, the IP is a comprehensive measure of a firm’s overall innovation and, therefore can measure innovation in broader...