. Incentives did not reduce performance there either. Comparing individuals with groups we find that team-work facilitates creative …

We study the effect of analyst coverage on firms' innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms' in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …

innovation, we characterize such "radical teams" as those formed by eclectic and non-usual collaborators, and those that are …

. We exploit firm-level panel data on product and process innovation activities in the United Kingdom and find that the … countries increased process innovation and reduced product innovation. This implies that the innovation response to labor supply …-skill intensity of firm production as well as firm size. In addition, the reduction in product innovation is lessened for firms whose …

This theoretical paper explores the impact of gender diversity on team production. The key assumption is that men … expected team production if (i) men and women have similar expected ability, and (ii) monetary incentives to exert effort are … behavior of male team members, gender diversity has the biggest effects in young teams, and monetary incentives crowd-out the …

observable. A team incentive scheme, where each agent is paid a bonus for aggregate output above a threshold, is optimal in case … (a). The team's efficiency may increase considerably with size if outputs are negatively correlated. Under (b) a … performance. The two cases reveal that it may be optimal to organize production as a team where only aggregate output is …