The DOI matches its Crossref record; 37 of the 37 references it cites were found in a registry or an index.
Innovation and Incentives: Evidence from Corporate R&D
Open accessAbstract
Beginning in the late 1980s, American corporations began increasingly linking the compensation of central research personnel to the economic objectives of the corporation. This paper examines the impact of the shifting compensation of the heads of corporate research and development. Among firms with centralized R&D organizations, a clear relationship emerges: more long-term incentives (such as stock options and restricted stock) are associated with more heavily cited patents. These incentives also appear to be associated with more patent awards and patents of greater originality. Short-term incentives appear to be unrelated to measures of innovation.
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Cites
The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
JENSEN, M. C. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04022.x · Cited by 8,528
The Structure of Corporate Ownership: Causes and Consequences
Demsetz, H., & Lehn, K. (1985) · Journal of Political Economy · doi:10.1086/261354 · Cited by 6,236
Multitask principal – agent analyses: Incentive contracts, asset ownership, and job design
Holmstrom, B., & Milgrom, P. (1991) · The Journal of Law, Economics, and Organization · doi:10.1093/jleo/7.special_issue.24 · Cited by 6,046
The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools
Hall, B., Jaffe, A., & Trajtenberg, M. (2001) · National Bureau of Economic Research · doi:10.3386/w8498 · Cited by 3,507
The Determinants of Firms' Hedging Policies
Smith, C. W., & Stulz, R. M. (1985) · The Journal of Financial and Quantitative Analysis · doi:10.2307/2330757 · Cited by 3,255
Formal and Real Authority in Organizations
Aghion, P., & Tirole, J. (1997) · Journal of Political Economy · doi:10.1086/262063 · Cited by 3,046
Cohen, W., Nelson, R., & Walsh, J. (2000) · National Bureau of Economic Research · doi:10.3386/w7552 · Cited by 3,025
(2008) · Corporate Financial Strategy · doi:10.4324/9780080942841-11 · Cited by 2,390
Assessing the Contribution of Venture Capital to Innovation
Kortum, S., & Lerner, J. (2000) · The RAND Journal of Economics · doi:10.2307/2696354 · Cited by 2,094
Self-citationThe Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
JENSEN, M. C. (1993) · The Journal of Finance · doi:10.2307/2329018 · Cited by 1,666
Cited by
Fifty Years of Empirical Studies of Innovative Activity and Performance
Cohen, W. M. (2010) · Handbook of the Economics of Innovation · doi:10.1016/s0169-7218(10)01004-x · Cited by 962
Arm’s Length Financing and Innovation: Evidence from Publicly Traded Firms
Atanassov, J. (2016) · Management Science · doi:10.1287/mnsc.2014.2097 · Cited by 157
Metadata
- Authors
- Lerner, J., & Wulf, J.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2007-11
- Volume
- 89
- Issue
- 4
- Pages
- 634-644
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W3121529303
- Cited by
- 482
- References
- 37
- FWCI
- 23.44
- Type
- journal article
- Language
- en
- Open access
- gold
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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