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| Author: | Fong, E. A. |
| Title: | Relative CEO underpayment and CEO behaviour towards R&D spending |
| Journal: | Journal of Management Studies
2010 : SEP, VOL. 47:6 p. 1095-1122 |
| Index terms: | chief executive officers compensation R&D projects finance companies pay |
| Language: | eng |
| Abstract: | This study investigates the effect of relative CEO underpayment on reductions in R&D spending, the differences in this relationship between companies in high R&D intensive and low R&D intensive industries and the moderating impact of ownership structure on the CEO underpayment and the R&D spending relationship. Findings propose that relative CEO underpayment is connected with reductions in R&D spending in low R&D intensive industries and increases in R&D spending in high R&D intensive industries. Also, greater relative CEO underpayment results in greater reductions in R&D spending in manager-controlled organizations compared with owner-controlled organizations. |
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