Using NBER patent data and hedge fund holdings in U.S. firms during 1998-2006, we study the effect of hedge fund ownership on corporate innovation. We find that hedge fund ownership promotes both patent quantity and quality, even after controlling for endogeneity. This stimulating effect is more...

Purpose – The purpose of this paper is to explore the status quo and the strength difference of the climate for innovation among firms with different ownership structures, in different industrial sectors, and in different developmental stages in China. Design/methodology/approach – The study...

Using patents and citations per R&D dollar as measures of innovation efficiency, we find that corporate policies that result in better treatment of employees and a more pro-diversity culture, specifically treatment of women and minorities, enhance future innovative efficiency, even after...

Using patents and citations per R&D dollar as measures of innovation efficiency, we find that corporate policies that result in better treatment of employees and a more pro-diversity culture, specifically treatment of women and minorities, enhance future innovative efficiency, even after...