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

Product market competition has been identified as one of the most powerful corporate
governance tools for motivating managers to maximize firm value. Consistent with this view …

Firm innovation drives both firm competitiveness and economic growth. Constructing a novel
firm-patent panel database from 29 countries, I find that transparency directly boosts …

We investigate whether missing R&D expenditures in financial statements indicates a lack of
innovation activity. Patent records reveal that 10.5% of missing R&D firms file and receive …

Purpose–The purpose of this paper is to investigate the relationship between the strategic
positioning of firms and the sustainability of firm performance. The paper argues that …

How does a green credit policy shape non-green firms' green innovation behavior? Previous
literature shows that the green credit policy stimulates the quantity of green innovation but is …

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 insights into earnings quality from a survey of 169 CFOs of public companies
and in-depth interviews of 12 CFOs and two standard setters. CFOs believe that (i) above all …

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 …

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