Executive Compensation, Corporate Governance, and R&;D Expenditures

• Main Authors: Wei-Han Wang, 王微涵
• Other Authors: Ying-fen Lin
• Format: Others
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/68369392045190161093

碩士 === 國立東華大學 === 會計與財務碩士學位學程 === 103 === This paper examines whether upper executives’ compensation, corporate governance, and different industries and business environment, by Taiwanese companies is associated with R&;D expenditures. The study period is 2010 to 2014. The empirical method is regression analysis and this study finds that：(1) When Upper executives’ compensation is underpaid, they will cut down R&;D expenditures. (2) When upper executives’ compensation is underpaid, the behavior of cutting down R&;D expenditures will be depressed in R&;D intensive firms. (3) When upper executives’ compensation is underpaid, the behavior of cutting down R&;D expenditures will be depressed in family firms. (4) Good corporate governance can increase R&;D expenditures.