van Pottelsberghe, Bruno and Honore, Florence and Munari, Federico. (2011) Corporate governance practices and companies' R&D orientation: Evidence from European countries. Bruegel Working Paper 2011/01, 24 January 2011. [Working Paper]
![[img]](http://aei.pitt.edu/style/images/fileicons/application_pdf.png)
| PDF Download (293Kb) | Preview |
Abstract
This working paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. The authors Florence Honoré, Federico Munari and Bruno van Pottelsberghe found that an executive remuneration system that is linked to the firm’s financial performance has a particularly strong negative impact on R&D. This confirms the hypothesis that incentive mechanisms lead managers to focus on more predictable and easily measurable short-term activities,ultimately hampering the commitment to innovative projects.
| Export/Citation: | EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL |
| Social Networking: |
| Item Type: | Working Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > Policies & related activities > innovation policy EU policies and themes > Policies & related activities > rtd (RTD) policy/European Research Area EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Bruegel (Brussels) > Working Papers |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 26 Jan 2011 |
| Page Range: | p. 43 |
| Last Modified: | 15 Feb 2011 18:41 |
| URI: | http://aei.pitt.edu/id/eprint/15489 |
Actions (login required)
| View Item |
![[feed]](/images/feed-icon-32x32.png){kind=icon}
