Corporate governance practices and companies’ R&D orientation: evidence from European countries
"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 ha...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Brussels
2011
Bruegel |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19182863124919000459-Corporate-governance-practices.htm |
| _version_ | 1771659892458782720 |
|---|---|
| author | Honoré, Florence Munari, Federico van Pottelsberghe de la Potterie, Bruno |
| author_facet | Honoré, Florence Munari, Federico van Pottelsberghe de la Potterie, Bruno |
| collection | Library items |
| description | "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." |
| format | TEXT |
| geographic | EU countries |
| id | 19182863124919000459_feb638363a9742309f8df251dc94e4a6 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19182863124919000459_feb638363a9742309f8df251dc94e4a6 |
| is_hierarchy_title | Corporate governance practices and companies’ R&D orientation: evidence from European countries |
| language | English |
| physical | 42 p. Digital |
| publishDate | 2011 |
| publisher | Brussels Bruegel |
| spellingShingle | Honoré, Florence Munari, Federico van Pottelsberghe de la Potterie, Bruno innovation research and development shareholder statistics corporate governance Corporate governance practices and companies’ R&D orientation: evidence from European countries |
| title | Corporate governance practices and companies’ R&D orientation: evidence from European countries |
| topic | innovation research and development shareholder statistics corporate governance |
| url | https://www.labourline.org/KENTIKA-19182863124919000459-Corporate-governance-practices.htm |