Game Analysis on Influence Mechanism of Equity Incentive on R&D Investments

Cao Wen and Li Yuewen

Review of Knowledge Economy, 2014, vol. 1, issue 1, 1-5

Abstract: A game model between shareholders and manager is built to analyze influence mechanism of equity incentive on R&D investments based on principal-agent theory. Research shows that there are inverted U-shaped relationships between equity incentive and R&D investments, the modest equity should be gave for stimulate manager.

Keywords: Equity incentive; R&D investments; Game; Shareholders; Manager; Principal-agent relationship (search for similar items in EconPapers)
Date: 2014
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