2022
DOI: 10.1108/k-02-2022-0258
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The crowding-out effect of shareholder value-based CEO compensation on R&D investment in the European context: a new interpretation

Abstract: PurposeIn the present study, using a novel fractional logit model, the link between R&D (Research & Development) investment and shareholder value-based CEO (Chief Executive Officer) compensation has been examined within the non-financial sector in the Euro area economies using a firm-level dataset for 2002–2019.Design/methodology/approachThe fractional logit model is utilized to examine the effects of corporate payment on R&D investment. The fractional logit model can be considered the empirical ap… Show more

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Cited by 2 publications
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