Chen, Liqiang - In: Managerial Finance 43 (2017) 8, pp. 898-913
significantly positive impact on the financial constraints that bind R&D investments. Moreover, the author finds that CEO portfolio … financial constraints. Originality/value Prior studies on the financial constraints of R&D investments do not consider the … potential impact of executive compensation on R&D investments. The author complements this stream of literature by providing …