Equity Incentives and R&D Investment: A Contract Model

被引：0
|
作者：
Xia, Yun [1 ]
机构：
[1] Jinan Univ, Int Business Sch, Zhuhai, Peoples R China
来源：
PROCEEDINGS OF THE 2012 INTERNATIONAL CONFERENCE ON MANAGEMENT INNOVATION AND PUBLIC POLICY (ICMIPP 2012), VOLS 1-6 | 2012年
关键词：
Equity Incentive; R&D Investment; inverted U-shaped relationship; OWNERSHIP;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We analyze the relationship between equity incentives and R & D investment and establish a simple contract principal-agent model including equity incentives and R&D expenditures, and obtain the optimal solution the proportion of equity incentives and optimal combination of R & D investment. Though studying the relationship between executive equity incentive and R&D investment is of great strategic significance not only for further improving and implementing of equity incentive system but also for promoting of business R&D investment and enhancing the innovation capability of enterprises.
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页码：1904 / 1907
页数：4
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