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| Tekijä: | Deutsch, Y. |
| Otsikko: | The influence of outside directors' stock-option compensation on firms' R&D |
| Lehti: | Corporate governance
2007 : SEP, VOL.15:5, p. 816-827 |
| Asiasana: | board of directors executive remuneration managers incentives stock options pay R&D companies |
| Kieli: | eng |
| Tiivistelmä: | Based on a sample of S&P 1500 firms from 1997 to 2000, this paper explores the effects of outside directors' (henceforth as: o-dirs.) stock-option (here as: s-opts.) compensation (as: comp.) on firms' R&D intensity. Results suggest that including s-opts. in o-dirs.' comp. enhances firms' R&D. In addition, s-opts. comp. moderates the relationship btw. board composition and R&D intensity. These results suggest that o-dirs.' comp. schemes do matter etc. |
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