Is CEO pay in high-technology firms related to innovation?

被引：416

作者：

Balkin, DB ^{[1
]}

Markman, GD

Gomez-Mejia, LR

机构：

[1] Univ Colorado, Boulder, CO 80309 USA

[2] Rensselaer Polytech Inst, Troy, NY 12181 USA

[3] Arizona State Univ, Tempe, AZ 85287 USA

来源：

ACADEMY OF MANAGEMENT JOURNAL | 2000年 / 43卷 / 06期

关键词：

D O I：

10.5465/1556340

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study uses the resource-based view of the firm and agency theory to examine the relationship between innovation and CEO pay in 90 high-technology firms. With firm size, performance, and other factors controlled, CEO short-term compensation was related to innovation as measured by number of patents and R&D spending. The data also suggest a less consistent temporal relationship between innovation and long term CEO compensation in the high-technology firms. In a control sample of 74 low-technology firms, there was no relationship between innovation and either short- or long-term CEO pay.

引用

页码：1118 / 1129

页数：12

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