Définition des bonus des dirigeants et performance des entreprises de haute technologie

Guillaume Garnotel () and Patrick Loux
Additional contact information
Guillaume Garnotel: INSEEC Business School
Patrick Loux: École de Management de Normandie

Revue Finance Contrôle Stratégie, 2011, vol. 14, issue 3, 119-150

Abstract: (VF)Cet article étudie les différences de performance consécutives à l’introduction de trois types de bonus proposés aux dirigeants d’entreprises de haute technologie : ceux liés aux seuls critères financiers, ceux incorporant en plus des critères non financiers hors R&D et ceux incluant des critères non financiers dont la R&D. Les résultats obtenus sur un échantillon de 230 entreprises suggèrent que l’introduction de mesures de R&D dans les bonus est le choix le plus pertinent. De plus, il n’apparaît pas de différence de performance entre un bonus financier et un bonus introduisant des indicateurs non financiers excluant la R&D.(VA)This article investigates the performance impact of introducing three different types of CEO bonuses into high technology firms : bonus based on financial measures, bonuses based on financial and non financial measures excluding R&D and bonuses based on financial and non financial measures including R&D. The results, drawn from a sample of 230 firms, suggest that firms whose CEO bonus incorporates R&D measures perform better than firms which rely on other types of financial and non financial measures in defining the CEO bonus.

Keywords: rémunération; dirigeants; innovation; haute technologie; compensation; CEO; high technology. (search for similar items in EconPapers)
JEL-codes: M52 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://repec-crego.u-bourgogne.fr/images/stories/rev/143150.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dij:revfcs:v:14:y:2011:i:q3:p:119-150.

Access Statistics for this article

Revue Finance Contrôle Stratégie is currently edited by Jean-François Gajewski

More articles in Revue Finance Contrôle Stratégie from revues.org
Bibliographic data for series maintained by Informatique Technique MSH Dijon ().