Does Innovation Spur Integrated Reporting?

Does the media spotlight burn or spur innovation?

We examine the effect of media coverage on firm innovation. Using a comprehensive dataset of corporate news coverage from 2000 to 2009, we show that there is a negative relation between media coverage and firm innovation. Our identification tests suggest that the effect of media coverage on innovation is causal. We further find supports for two economic mechanisms underlying the negative innova...

How Does Integrated Reporting Change Sustainability Communications?

Do Organizational Incentives Spur Innovation?

To date, we have only partially begun to develop an understanding of the channels through which innovation is facilitated within organizations. Although talented individuals are pivotal to supporting knowledge accumulation and renewal, they may be more willing to contribute new ideas if they expect to reap some of the gains that these ideas generate for the firm. In considering this perspective...

Does financial liberalization spur growth?

We show that equity market liberalizations, on average, lead to a 1% increase in annual real economic growth. The effect is robust to alternative definitions of liberalization and does not reflect variation in the world business cycle. The effect also remains intact when an exogenous measure of growth opportunities is included in the regression. We find that capital account liberalization also ...

Do General Managerial Skills Spur Innovation?

We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience invest more in R&D and produce more patents. We address the potential endogenous CEO-firm matching bias using firmand CEOfixed effects and variation in the enforceability of non-compete agreements across states and over time during the CEO’s career. Our findings suggest...