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We analyze a hand-collected dataset of 1682 executive compensation packages at 34 firms included in the main German stock market index (DAX) for the years 2009-2017 in order to investigate the impact of the 2009 say on pay legislation. The findings provide important insights beyond the German...
Persistent link: https://www.econbiz.de/10012061896
We examine the relationship of financial expert CEO on firm innovation. Using CEO individual level and firm-level data … significant negative impact on firm innovation. A financial expert CEO causes 17.5% decrease in firm innovation level. We argue … make a separate examination about this impact on innovation that acquired from outsiders …
Persistent link: https://www.econbiz.de/10012853087
Executive compensation is designed to create incentives for CEOs to act in the best interest of shareholders. Short-term (bonus) and equity-based incentives induce risk taking behaviors of the CEO that could further change a firm's risk exposure. This article examines the linkage between...
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Germany is one of few countries in which the monetary compensation for inventors is not only determined by negotiations between employer and employee-inventor, but also by relatively precise legal provisions. In this paper, we describe the characteristics of the German Employees' Inventions Act...
Persistent link: https://www.econbiz.de/10010441538
Against the background of the so-called "European paradox", i.e. the conjecture that EU countries lack the capability to transfer science into commercial innovations, knowledge transfer from academia to industry has been a central issue in policy debates recently. Based on a sample of German...
Persistent link: https://www.econbiz.de/10003846112
academic patents using German professor patents linked to patent opposition data from the European Patent Office (EPO). Patent … patent value, asymmetric information and diverging expectations between the opposition parties, the likelihood of a … applied by owners of potentially rival technologies. -- academic inventors ; intellectual property rights ; patent oppositions …
Persistent link: https://www.econbiz.de/10003846116
networks of four selected regions are based on information on patent applicants and inventors. Count data regressions show … positive effects on innovation of both the total number of relations and of access to a larger knowledge base. However, when … some sort of public good to the innovation system. -- Innovator networks ; Gatekeeper ; Zero Iflated Generalised Poisson …
Persistent link: https://www.econbiz.de/10003887135