Lin, Ying-Fen; Yeh, Yaying Mary Chou; Shih, Yu-Ting - In: Journal of Business Research 66 (2013) 5, pp. 585-592
. However, we find that tournament–performance relationships are industry-specific. For non-high-tech firms with low levels of R&D … intensity, tournament theory works well, and firms are encouraged to increase executive pay gaps, not just executive …