中山管理評論

  期刊全文閱覽

中山管理評論  2002/12

第10卷英文特刊  p.115-134


題目
The Moderating Effects of Product Market Competition on Executive Compensation
The Moderating Effects of Product Market Competition on Executive Compensation
(633498958120781250.pdf 545KB)

作者
Wei-Ning Liu、Shyh-Jer Chen/遠東技術學院、國立中山大學人管所
Wei-Ning Liu、Shyh-Jer Chen/

Far East College , Institute of Human Resource Management, National Sun Yat-Sen University


摘要(中文)

(633498958120156250.pdf 27KB)

關鍵字(中文)


摘要(英文)

This paper examines the moderating effects of product market competition on the relationship between a firm and its CEOs. The predictions of managerial talent hypothesis and risk-differential hypothesis were tested using a sample of publicly traded firms in the high-tech industry in Taiwan. The results indicate that product market competition negatively moderates the relationship between firm performance, R&D activity, investment diversity and the firm's CEO compensation. These results provide evidence for the risk-differential hypothesis, under which executives may consider risk more important than incentives when they are in a highly competitive product market.

(633498958120156250.pdf 27KB)

關鍵字(英文)

product market competition, moderating effects, managerial talent hypothesis, risk-differential hypothesis, CEO compensation, high-tech industry


政策與管理意涵


參考文獻