We review the accounting literature on innovation, focusing on the economic attributes of
innovation that collectively differentiate innovation from other assets: novelty, nonrivalry, and …

This chapter reviews the empirical literature on the determination of firms' and industries'
innovative activity and performance, highlighting the questions addressed, the approaches …

Prior theoretical work generates conflicting predictions with respect to how CEO age impacts
risk-taking behavior. Consistent with the prediction that risk-taking behavior decreases as …

We provide the first direct empirical evidence of the effect of CEO social capital on aggregate
corporate risk-taking. Our theory predicts that CEOs with high social capital display higher …

Institutional environment of a country plays an important role for innovation activities. Our
results confirm that external environment of emerging countries influence the R&D …

We develop a new measure of innovation using the text of analyst reports of S&P 500 firms.
Our text-based measure gives a useful description of innovation by firms with and without …

Information problems and lack of collateral value should make R&D more susceptible to
financing frictions than other investments, yet existing evidence on whether financing …

Given the concerns stemming from climate change, it is important to investigate whether
SMEs could become innovative (and thereby invest in technologies mitigating climate …

We provide empirical evidence of a strong causal relation between managerial
compensation and investment policy, debt policy, and firm risk. Controlling for CEO pay …

We investigate the role of national culture in corporate risk-taking. We postulate that culture
influences corporate risk-taking both through its effect on managerial decision-making and …