The relationship between research & development expenditure and executive compensation in high-technology industries

Managerial Finance

Volumn 25, Issue 9, 1999, Pages 55-67

  Persons, Obeua S ^a  

^a RIDER UNIVERSITY   (United States)

Author keywords

Accounting research; Executives; High technology; Pay; R D; USA

Indexed keywords

EID: 84901375002     PISSN: 03074358     EISSN: 17587743     Source Type: Journal    
DOI: 10.1108/03074359910766154     Document Type: Article

References (28)

1. Antle, R. and A. Smith. 1985. Measuring Executive Compensation: Methods and an Application. Journal of Accounting Research. 23 (Spring): 296-325.
2. Balkin, D. B. and L. R. Gomez-Mejia. 1987. Integrated Framework forthe Compensation System. In D.B. Balkin and L. R. Gomez-Mejia eds, New Perspectives on Compensation. Prentice-Hall, Englewood Cliffs, NJ.
3. Belsley, D. A., E. Kuh and R. E. Welsch. 1980. Regression Diagnostics: Identifying Influential Data and Sources of Collinearity. New York: John Wiley & Sons, Inc.
4. Chan, S. H., J. D. Martin and J. W. Kensinger. 1990. Corporate Research and Development Expenditures and Share Value. Journal of Financial Economics. 26: 255-276.
5. Clinch, G. 1991. Employee Compensation and Firms’ Research and Development Activity. Journal of Accounting Research. 29 (Spring): 59-78.
6. Defeo, V. J., R. A. Lambert, and D. F. Larcker. 1989. Executive Compensation Effects of Equity-For-Debt Swaps. The Accounting Review. 64 (April): 201-227.
7. Eisenhardt, K. 1985. Control: Organizational and Economic Approaches. Management Science. 31: 134-149.
8. Fischel, D. and M. Bradley. 1986. The Role of Reliability Rules and the Derivative Suit in Corporate Law: A Theoretical and Empirical Analysis. Cornell Law Review.71: 261-297.
9. Galbraith, C.S. and G. B. Merrill. 1991. The Effect of Compensation Program and Structure on SBU Competitiveness Strategy: A Study of Technology-Intensive Firms. Strategic Management Journal. 12 (July): 353-370.
10. Gjesdal, F. 1981. Accounting for Stewardship. Journal of Accounting Research. 19 (Spring): 208-231.
11. Grabowski, H. and J. Vernon. 1990. A New Look at the Returns and Risks to Pharmaceutical R&D. Management Science. 36 (July): 804-821.
12. Henderson, R. and H. W. Risher. 1987. Influencing Organizational Strategy Through Compensation Leadership. In D. B. Balkin and L. R. Gomez-Mejia eds, New Perspectives on Compensation. Prentice-Hall, Englewood Cliffs, NJ.
13. Hoskisson, R. E., M. A. Hitt and C. W. Hill. 1993. Managerial Incentives and Investment in R&D in Large Multiproduct Firms. Organization Science. 4 (May): 325-341.
14. Kumar, K. R., D. Ghicas and V. Pastena. 1993. Earnings, Cash Flows and Executive Compensation: AnExploratory Analysis. Managerial Finance. 19 (2): 55-75.
15. Lambert, R. and D. Larcker. 1987. An Analysis of the Use of Accounting and Market Measures of Performance in Executive Compensation Contracts. Journal of Accounting Research. 25 (Supplement): 85-125.
16. Lawler, E. E. 1981. Pay and Organization Development. Addison-Wesley, Reading, MA.
17. Lev, B. and T. Sougiannis. 1996. the Capitalization, Amortization, and Value-Relevance of R&D. Journal of Accounting and Economics. 21 (February): 107-138.
18. Murphy, K. 1985. Corporate Performance and Managerial Renumeration: An Empirical Analysis. Journal of Accounting and Economics. 7 (April): 11-42
19. Natarajan, R. 1996. Stewardship Value of Earnings Components: Additional Evidence on the Determinants of Executive Compensation. The Accounting Review. 71 (January): 1-22.
20. Needles, B. E. 1994. Financial Accounting. Houghton Mifflin, Boston, MA.
21. Rajagopalan, N. and J. E. Prescott. 1990. Determinants of Top Management Compensation: Explaining the Impact of Economic, Behavioral, and Strategic Constructs and the Moderating Effects of Industry. Journal of Management. 16: 515-538.
22. Ravenscraft, D. and F. Scherer. 1982. The Lag Structure of Returns to Research and Development. Ap plied Economics. 14: 603-620.
23. Schuler, R. S. and I. C. MacMillan. 1984. Gaining Competitive Advantage Through Human Resource Management Practices. Hu man Resource Management. 23: 241-255.
24. Sloan, R. 1993. Accounting Earnings and Top Executive Compensation. Journal of Accounting Research. 16 (January/April/July): 55-100.
25. Smith, S. 1988. On the Inceidence of Profitand Equity Sharing: Theory and an Application to the High Tech Sector. Journal of Economic Behavior and Organization: 45-58.
26. Sougiannis, T. 1994. The Accounting Based Valuation of Corporate R&D. The Accounting Review. 69 (January): 44-68.
27. U.S. House. Subcommittee on Health of the Committee on Ways and Means. 1993. Expansion of medicare benefits to include prescription drugs Hearing. 103th Congress, First Session. (June 22).
28. Zellner, A. 1969. On the aggregation problem: A new approach to atroublesome problem, in Economic Models, Estimation, and Risk Programming: Essays in Honor of Gerhard Tintner, edited by K. A. Fox et al.: 365-74. New York: Springer-Verlag.