Showing 1 - 10 of 11,652
In March 2010, Japanese regulators implemented the country's first legislation concerning the disclosure of director compensation for named individuals. Using the first publicly available data for Japanese executives, we document direct evidence on the level, structure, and mechanisms of CEO...
Persistent link: https://www.econbiz.de/10012917053
We study the prevalence and traits of global collaborative patents for U.S. public companies, where the inventor team is located both within and outside of the United States. Collaborative patents are frequently observed when a corporation is entering into a new foreign region for innovative...
Persistent link: https://www.econbiz.de/10011561206
We document political sentiment effects on inventors in the US. Democrat patenters are more likely to patent (relative … to Republicans) after the election of Barack Obama but less likely to patent following the election of Donald Trump …
Persistent link: https://www.econbiz.de/10013403058
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to …
Persistent link: https://www.econbiz.de/10014337851
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10011700396
development. We discover that ITIs strengthen routine product development activities but decrease patent-based innovation. Further …This paper examines how the tournament-like progression in the CEO labor market influences corporate innovation … strategies. By exploiting a text-based proxy for product innovation based on product descriptions from 10-Ks, we find a …
Persistent link: https://www.econbiz.de/10012850347
This paper examines how different types of interactions with U.S. markets by non-U.S. firms are associated with higher level of CEO pay, greater emphasis on incentive-based compensation, and smaller pay gap with U.S. firms. Using a sample of CEOs of U.K. firms and using both broad...
Persistent link: https://www.econbiz.de/10013089872
We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi- year compensation plans, which generate...
Persistent link: https://www.econbiz.de/10012974660
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...
Persistent link: https://www.econbiz.de/10012974940
The objective of this paper is to define the relationship between a set of factors and CEO compensation that will enable companies to imply better corporate governance practices in their management process. Developed econometric model is tested on the data of US telecom companies for the period...
Persistent link: https://www.econbiz.de/10012859017