improvement. This study emphasizes the need for companies to design RSUs as a strategic compensation system for long-term value …

enlightened shared value (ESV), by applying the social dilemma paradigm and long-term value maximization. Design … stakeholders and between short- and long-term outcomes are inevitable. To minimize these conflicts, firms need to aim at long-term … value maximization to provide the maximum outcome to the firm and satisfy all relevant stakeholders. Adopting these …

-being. Indeed, we find that negative R%D news destroys more long-term value than the value created by positive news. This highlights …