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Keywords: Performance-based equity incentives
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Journal Articles
Performance-based equity incentives, vesting restrictions, and corporate innovation
Available to Purchase
Journal:
Nankai Business Review International
Nankai Business Review International (2019) 10 (1): 138–164.
Published: 07 January 2019
... target, there is a discontinuous change in the pay-performance relationship. Considering the following two reasons, we predict that the vesting performance requirements of performance-based equity incentives inhibits corporate innovation. First, given the high risk of failure in corporate innovation...
