Title :
Perks, research and development intensity and corporate performance
Author :
Su De-gui ; Liang Tong-ying
Author_Institution :
Res. Center of Capital Markets & Corp. Finance, South China Univ. of Technol., Guangzhou, China
Abstract :
As an important regulatory aspect of corporate governance, the increasing perks have become the focus of the enterprise. Much research has been done to study the problems of perks from different points, and this paper deals with how perks affect the corporate performance, concerning about the relationship among perks, research and development intensity and corporate performance, trying to explore the conduction mechanism. We are to find out how perks affects the corporate performance through research and development intensity. In a conclusion, we find that as a recessive compensation, perks can promote research and development investment, and ultimately have a positive impact on corporate performance. In addition, in view of the differences in corporate nature and the nature of the industry, it will lead to different reactions and performance.
Keywords :
investment; remuneration; research and development management; conduction mechanism; corporate governance; corporate performance; perks; recessive compensation; research and development investment; Companies; Economics; Industries; Investment; Remuneration; Research and development; corporate performance; perks; research and development intensity;
Conference_Titel :
Management Science and Engineering (ICMSE), 2013 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4799-0473-0
DOI :
10.1109/ICMSE.2013.6586381