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CEO compensation and firm competitive behavior: Empirical evidence from the U.S. pharmaceutical industry

✍ Scribed by Evan H. Offstein; Devi R. Gnyawali

Book ID
113706496
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
234 KB
Volume
22
Category
Article
ISSN
0923-4748

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The authors test a model of the relationships among firm resources, firm capabilities, and sustained competitive advantage between 1971 and 1989. Sustained comparative advantage was captured by two variables: therapeutic differentiation and global NCEs. The results show that R&D and salesforce expen