메뉴 건너뛰기




Volumn 12, Issue 4, 2007, Pages 659-690

Make or buy new technology: The role of CEO compensation contract in a firm's route to innovation

Author keywords

Compensation; Mergers and acquisitions; R D; Technology

Indexed keywords


EID: 34748835229     PISSN: 13806653     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11142-007-9039-y     Document Type: Article
Times cited : (72)

References (23)
  • 1
    • 0042260486 scopus 로고    scopus 로고
    • Purchase versus pooling in stock-for-stock acquisitions: Why do firms care?
    • Aboody, D., Kasznik, R., & Williams, M. (2000). Purchase versus pooling in stock-for-stock acquisitions: Why do firms care? Journal of Accounting and Economics, 29, 261-286.
    • (2000) Journal of Accounting and Economics , vol.29 , pp. 261-286
    • Aboody, D.1    Kasznik, R.2    Williams, M.3
  • 2
  • 3
    • 0034391638 scopus 로고    scopus 로고
    • R&D intensity and acquisitions in high-technology industries
    • Blonigen, B., & Taylor, C. (2000). R&D intensity and acquisitions in high-technology industries. The Journal of Industrial Economics, XLVIII, 47-70.
    • (2000) The Journal of Industrial Economics , vol.48 , pp. 47-70
    • Blonigen, B.1    Taylor, C.2
  • 4
    • 0010019475 scopus 로고    scopus 로고
    • The stock market valuation of research and development expenditures
    • Chan, L., Lakonishok, J., & Sougiannis, T. (2001). The stock market valuation of research and development expenditures. Journal of Finance, 61, 2431-2456.
    • (2001) Journal of Finance , vol.61 , pp. 2431-2456
    • Chan, L.1    Lakonishok, J.2    Sougiannis, T.3
  • 5
    • 0001245231 scopus 로고    scopus 로고
    • The use of equity grants to manage optimal equity incentive levels
    • Core, J., & Guay, W. (1999). The use of equity grants to manage optimal equity incentive levels. Journal of Accounting and Economics, 28, 151-184.
    • (1999) Journal of Accounting and Economics , vol.28 , pp. 151-184
    • Core, J.1    Guay, W.2
  • 6
    • 2442648862 scopus 로고    scopus 로고
    • R&D expenditures and CEO compensation
    • 2
    • Cheng, S. J. (2004). R&D expenditures and CEO compensation, The Accounting Review, 79(2), 305-328.
    • (2004) The Accounting Review , vol.79 , pp. 305-328
    • Cheng, S.J.1
  • 7
    • 44949280589 scopus 로고
    • Executive incentives and the horizon problem: An empirical investigation
    • Dechow, P. M., & Sloan, R. G. (1991). Executive incentives and the horizon problem: An empirical investigation. Journal of Accounting and Economics, 14, 51-89.
    • (1991) Journal of Accounting and Economics , vol.14 , pp. 51-89
    • Dechow, P.M.1    Sloan, R.G.2
  • 8
    • 0003049012 scopus 로고
    • Agency costs and innovation: Some empirical evidence
    • Francis, J., & Smith, A. (1995). Agency costs and innovation: Some empirical evidence. Journal of Accounting and Economics, 19, 383-409.
    • (1995) Journal of Accounting and Economics , vol.19 , pp. 383-409
    • Francis, J.1    Smith, A.2
  • 9
    • 0034362897 scopus 로고    scopus 로고
    • Incumbency and R&D incentives: Licensing the gale of creative destruction
    • Gans, J. S., & Stern, S. (2000). Incumbency and R&D incentives: Licensing the gale of creative destruction. Journal of economics and management strategy, 9(4), 485-511.
    • (2000) Journal of Economics and Management Strategy , vol.9 , Issue.4 , pp. 485-511
    • Gans, J.S.1    Stern, S.2
  • 10
    • 0002345792 scopus 로고    scopus 로고
    • The sensitivity of CEO wealth to equity risk: An analysis of the magnitude and determinants
    • Guay, W. (1999). The sensitivity of CEO wealth to equity risk: An analysis of the magnitude and determinants. Journal of Financial Economics, 53, 43-71.
    • (1999) Journal of Financial Economics , vol.53 , pp. 43-71
    • Guay, W.1
  • 11
    • 0002775056 scopus 로고
    • The effect of takeover activity on corporate research and development
    • University of Chicago Press for NBER Chicago
    • Hall, B. H. (1988). The effect of takeover activity on corporate research and development. In A. J. Auerbach (Ed.), Corporate takeovers: Causes and consequences. Chicago: University of Chicago Press for NBER.
    • (1988) Corporate Takeovers: Causes and Consequences
    • Hall, B.H.1    Auerbach, A.J.2
  • 12
    • 0028560578 scopus 로고
    • R&D and internal finance: A panel study of small firms in high-tech industries
    • Himmelberg, C. P., & Peterson, B. C. (1994). R&D and internal finance: A panel study of small firms in high-tech industries. Review of Economics and Statistics, 76, 38-51.
    • (1994) Review of Economics and Statistics , vol.76 , pp. 38-51
    • Himmelberg, C.P.1    Peterson, B.C.2
  • 14
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance and takeovers
    • Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance and takeovers. American Economic Review, 76, 323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 15
    • 0038356110 scopus 로고    scopus 로고
    • Capitalization versus expensing: Evidence on the uncertainty of future earnings from current R&D investments
    • Kothari, S. P., LaGuerre, T. E., & Leone, A. J. (2002). Capitalization versus expensing: Evidence on the uncertainty of future earnings from current R&D investments. Review of Accounting Studies, 7, 355-382.
    • (2002) Review of Accounting Studies , vol.7 , pp. 355-382
    • Kothari, S.P.1    Laguerre, T.E.2    Leone, A.J.3
  • 16
    • 0001042527 scopus 로고    scopus 로고
    • Executive compensation
    • Orley Ashenfelter & David Card (Eds.) North Holland
    • Murphy, K. (1999). Executive compensation. In Orley Ashenfelter & David Card (Eds.), Handbook of labor economics, Vol. 3. North Holland.
    • (1999) Handbook of Labor Economics , vol.3
    • Murphy, K.1
  • 17
    • 0000778475 scopus 로고    scopus 로고
    • Performance standards in incentive contracts
    • Murphy, K. (2001). Performance standards in incentive contracts. Journal of Accounting and Economics, 30, 245-278.
    • (2001) Journal of Accounting and Economics , vol.30 , pp. 245-278
    • Murphy, K.1
  • 18
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not
    • Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not. Journal of Financial Economics, 13, 187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.C.1    Majluf, N.S.2
  • 19
    • 0036271833 scopus 로고    scopus 로고
    • Empirical evidence on the relation between stock option compensation and risk taking
    • Rajgopal, S., & Shevlin, T. (2002). Empirical evidence on the relation between stock option compensation and risk taking. Journal of Accounting and Economics, 33, 145-172.
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 145-172
    • Rajgopal, S.1    Shevlin, T.2
  • 20
    • 0000587842 scopus 로고
    • Taxes and off-balance-sheet financing: Research and development limited partnerships
    • Shevlin, T. (1987). Taxes and off-balance-sheet financing: Research and development limited partnerships. The Accounting Review, 62, 480-508.
    • (1987) The Accounting Review , vol.62 , pp. 480-508
    • Shevlin, T.1
  • 23
    • 2342505938 scopus 로고
    • The investment opportunity set and corporate financing, dividend and compensation policies
    • Smith, C. W., & Watts, R. L. (1992). The investment opportunity set and corporate financing, dividend and compensation policies. Journal of Financial Economics, 32, 263-292.
    • (1992) Journal of Financial Economics , vol.32 , pp. 263-292
    • Smith, C.W.1    Watts, R.L.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.