CEO INCENTIVES, INNOVATION, AND PERFORMANCE IN TECHNOLOGY-INTENSIVE FIRMS: A RECONCILIATION OF OUTCOME AND BEHAVIOR-BASED INCENTIVE SCHEMES

MARIANNA MAKRI; PETER J. LANE; LUIS R. GOMEZ-MEJIA

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CEO INCENTIVES, INNOVATION, AND PERFORMANCE IN TECHNOLOGY-INTENSIVE FIRMS: A RECONCILIATION OF OUTCOME AND BEHAVIOR-BASED INCENTIVE SCHEMES

机译：CEO激励，创新和技术密集型企业的绩效：对成果和基于行为的激励计划的重新思考

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Building on the agency view of corporate governance, we propose that technology-intensive firms use both outcome and behavior-based performance criteria for rewarding CEOs. Using a sample of 206 firms from 12 U.S. manufacturing industries, we find that as technological intensity increases CEO bonuses are more closely linked to financial results and that total CEO incentives are associated with two indicators of desirable innovation behaviors: invention resonance and science harvesting. Invention resonance refers to the impact a firm's inventions have on other firms' inventions, while science harvesting reflects a firm's commitment to scientific research. As technological intensity increases, aligning bonus with financial results, total incentives with invention resonance, and total incentives with science harvesting predict firm market performance.

机译：基于机构对公司治理的看法，我们建议技术密集型公司同时使用基于结果和基于行为的绩效标准来奖励CEO。使用来自美国12个制造业的206家公司的样本，我们发现随着技术强度的提高，CEO奖金与财务业绩之间的联系更加紧密，而CEO激励总额与理想的创新行为的两个指标相关：发明共鸣和科学收获。发明共鸣是指一个公司的发明对其他公司的发明的影响，而科学收获则反映了一个公司对科学研究的承诺。随着技术强度的提高，使奖金与财务业绩保持一致，总激励与发明共鸣，总激励与科学收获相结合，就可以预测公司的市场表现。

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来源
《Strategic Management Journal》 |2006年第11期|p.1057-1080|共24页
作者
MARIANNA MAKRI; PETER J. LANE; LUIS R. GOMEZ-MEJIA;
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作者单位

School of Business Administration, University of Miami, Jenkins Building, 414 L, 5250 University Drive, Coral Gables, FL 33146, U.S.A.;

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收录信息美国《科学引文索引》(SCI);美国《工程索引》(EI);
原文格式 PDF
正文语种 eng
中图分类工业企业组织与管理;
关键词
executive compensation; performance; innovation; technology; science;

机译：高管薪酬;绩效;创新;技术;科学;

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CEO INCENTIVES, INNOVATION, AND PERFORMANCE IN TECHNOLOGY-INTENSIVE FIRMS: A RECONCILIATION OF OUTCOME AND BEHAVIOR-BASED INCENTIVE SCHEMES

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