تعریف مفهومی دانلود ترجمه مقاله لاتین Executive incentives and the horizon problem: An empirical investigation
معرفی دانلود ترجمه مقاله لاتین Executive incentives and the horizon problem: An empirical investigation
ترجمه مقاله لاتین Executive incentives and the horizon problem: An empirical investigation در قالب فایل ورد و در 80 صفحه همراه با اصل مقاله لاتین آماده شده است. این مقاله توسط مترجمان حرفه ای و به صورت مفهومی ترجمه شده است. کیفیت ترجمه تضمین شده است.
Abstract
This paper investigates the hypothesis that CEOs in their final years of office manage discretionary investment expenditures to improve short-term earnings performance. We examine the behavior of R & D expenditures for a sample of firms in industries that have significant ongoing R & D activities. The results suggest that CEOs spend less on R & D during their final years in office. However, we find the reductions in R & D expenditures are mitigated through CEO stock ownership. There is no evidence that the reduced R & D expenditures are associated with either poor firm performance or reductions in investment expenditures that are capitalized for accounting purposes.