Is Innovativeness a Link between Pay and Performance?
The relationship between innovativeness and pay-performance sensitivity is theoretically ambiguous because innovative activities simultaneously enhance the productivity of executives in creating shareholder value (productivity effect) and increase the volatility of the firm's performance (volat...
|Main Author:||Fung, Michael K|
|Place of publication:||
Melbourne, Australia Blackwell Publishing Asia 01.06.2009
Wiley Subscription Services
Financial Management Association
|published in:||Financial management Vol. 38; no. 2; pp. 411 - 429|
|Data of publication:||2009-06|
The work described in this article was supported by a grant from the Research Grants Council of the Hong Kong SAR Government (project number: G‐U129). Many thanks are due to William G. Christie (the editor) and the anonymous referee for their helpful comments and suggestions.
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