R&D Expenditures and CEO Compensation:the moderate effect of corporate governance
| Autor: | Mandy Yu, 余宛真 |
|---|---|
| Rok vydání: | 2006 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 94 This research examines the effects of the ultimate owners’ divergence from control rights to cash flow rights on the correlation between R&D expenditures and CEO compensation. We examine a sample of 674 Taiwan listed companies in the period of 2003-2004. We find that: (1) the higher the ultimate owners’ divergence from control rights to cash flow rights is, the less weight of R&D expenditures is in CEO compensation ；(2) after classifying the sample into the electronics industry and nonelectronics industry, we find the same conclusion, the higher the ultimate owners’ divergence from control rights to cash flow rights is, the less weight of R&D expenditures is in CEO compensation；(3) finally, our findings appear to be robust with respect to the alternative of using “CEO’s prior compensation ” as the control variable. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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