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

共 55 条

[31] BUSINESS UNIT INNOVATION AND THE STRUCTURE OF EXECUTIVE-COMPENSATION
HOLTHAUSEN, RW
LARCKER, DF
SLOAN, RG
[J]. JOURNAL OF ACCOUNTING & ECONOMICS, 1995, 19 (2-3) : 279 - 313
[32] MANAGERIAL INCENTIVES AND INVESTMENT IN RESEARCH-AND-DEVELOPMENT IN LARGE MULTIPRODUCT FIRMS
HOSKISSON, RE
HITT, MA
HILL, CWL
[J]. ORGANIZATION SCIENCE, 1993, 4 (02) : 325 - 341
[33] CORPORATE RESTRUCTURING AND STRATEGIC CHANGE - THE EFFECT ON DIVERSIFICATION STRATEGY AND RESEARCH-AND-DEVELOPMENT INTENSITY
HOSKISSON, RO
JOHNSON, RA
[J]. STRATEGIC MANAGEMENT JOURNAL, 1992, 13 (08) : 625 - 634
[34] MANAGERIAL RISK TAKING IN DIVERSIFIED FIRMS: AN EVOLUTIONARY PERSPECTIVE
Hoskisson, Robert E.
Hitt, Michael A.
Hill, Charles W. L.
[J]. ORGANIZATION SCIENCE, 1991, 2 (03) : 296 - 314
[35] Jelinek M., 1990, INNOVATION MARATHON
[36] PERFORMANCE PAY AND TOP-MANAGEMENT INCENTIVES
JENSEN, MC
MURPHY, KJ
[J]. JOURNAL OF POLITICAL ECONOMY, 1990, 98 (02) : 225 - 264
[37] KOBERG CS, 1994, MANAGEMENT COMPETITI, P3
[38] THE STRUCTURE OF ORGANIZATIONAL INCENTIVES
LAMBERT, RA
LARCKER, DF
WEIGELT, K
[J]. ADMINISTRATIVE SCIENCE QUARTERLY, 1993, 38 (03) : 438 - 461
[39] Leonard-Barton D., 1995, WELLSPRINGS KNOWLEDG
[40] MADDALA GS, 1993, ECONOMETRICS

← 1 2 3 4 5 6 →