Firm-specific knowledge assets and employment arrangements: Evidence from CEO compensation design and CEO dismissal
Strategic Management Journal, pp. 1875-1894, 2017.
Research SummaryWe argue that firms with greater specificity in knowledge structure need to both encourage their CEOs to stay so that they make investments with a long-term perspective, and provide job securities to the CEOs so that they are less concerned about the risk of being dismissed. Accordingly, we found empirical evidence that sp...More
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