Public Governance, Corporate Governance, and Firm Innovation: An Examination of State-Owned Enterprises
Academy of Management Journal, pp. 220-247, 2018.
Innovation activities create substantial firm value, but they are difficult to manage owing to agency risk which is commonly thought to result in shirking, hence underinvestment in innovation. However, agency risk can also create inefficient allocation of resources among innovation activities, on which the literature provided limited unde...更多