Dostie, Benoit; Jayaraman, Rajshri - 2009
ofiered by flrms to their managers, managerial efiort, and pro-
cess innovation. According to the theory the value of a cost … whether direct proxies of managerial efiort corroborate our flndings per-
taining to innovation, which according to the theory …33
Keywords: process innovation, managerial incentives, efficiency, natural experiment
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