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La fonction R&D et la latitude managériale: une analyse théorique

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Author Info
Mehdi Nehkili
Evelyne Poincelot () (Université de Bourgogne)

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Abstract

The R&D function presents virtues well-known for their creation of value as well as a source of manipulation of the rent which ends up to be favourable to the leaders and prejudicial to some stakeholders. This proposition is particularly sustainable because in the firms which invest much in R&D, the traditional means used to control and give incentives to leaders are particularly reduced. Some empirical studies, with different aims, tend to demonstrate that investment in R&D field is an uncontrolled decision for the top management.

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Publisher Info
Article provided by Editions Economica in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 3 (2000)
Issue (Month): 1 (March)
Pages: 5-28
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Handle: RePEc:dij:revfcs:v:3:y:2000:i:q1:p:5-28

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Related research
Keywords: R&D; managerial discretion; rent; stakeholders;

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    Other versions:
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    Other versions:
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    Other versions:
  15. Bhagat, Sanjai & Welch, Ivo, 1995. "Corporate research & development investments international comparisons," Journal of Accounting and Economics, Elsevier, vol. 19(2-3), pages 443-470, April. [Downloadable!] (restricted)
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