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| Author: | Tihanyi, L. (et al.) |
| Title: | Technological competence and international diversification. The role of managerial incentives |
| Journal: | Management International Review
2009 : VOL. 49:4, p. 409-431 |
| Index terms: | corporate governance innovation |
| Freeterms: | international strategy managerial compensation |
| Language: | eng |
| Abstract: | The study shows that the role of managerial incentives is highlighted by a complex relationship between technological competence and international diversification. The relationships between technological competence, managerial pay and international diversification are explored by studying a sample of Standard&Poor's 500 member firms. A curvilinear relationship (inverted U-shape) is indicated between technological competence and international diversification. Contingent pay was positively related to international diversification. Both contingent and non-contingent pay moderated the relationship between technological competence and international diversification. |
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