This paper examines the role that managerial equity incentive schemes have on corporate innovation outcomes in developing economies. Utilizing a large and representative sample of Chinese publicly listed firms, we show that while managerial equity incentive schemes have a positive average effect...

Organizations across the world seek to retain their talent. The loss of an employee has been proven to cause exorbitant costs in the recruitment, selection and training of a replacement —costs amounting to a full year’s compensation or more. Moreover, an organization’s workforce is among...

We investigate simultaneously the impact of promotion-based tournament incentives for VPs and equity-based (alignment) incentives for VPs and the chief executive officer (CEO) on firm performance. We find that tournament incentives, as measured by the pay differential between the CEO and VPs,...