search query: @indexterm SHARE OWNERSHIP / total: 259
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| Author: | Jermias, J. |
| Title: | The effects of corporate governance on the relationship between innovative efforts and performance |
| Journal: | European Accounting Review
2007 : VOL. 16:4, p. 827-854 |
| Index terms: | corporate governance board of directors executives share ownership performance measurement innovation |
| Language: | eng |
| Abstract: | This paper aims at examining the effects of managerial share ownership (hereafter as: m-s-o.), CEO duality and board independence (here as: brd-ind.) on the relationship (as: r-ship) btw. innovative efforts and performance. It is predicted and found that m-s-o. has a positive effect on this r-ship while CEO duality has a negative effect. Contrary to the hypothesis, it is found that brd-ind. also has a negative effect on the r-ship btw. innovative efforts and performance. This contradictory result is, however, consistent with the managerial incentive theory. |
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