Chandra S. Mishra

THE DOUBLE-EDGED SWORD OF PAY-FOR-PERFORMANCE: IMPLICATIONS FOR ORGANISATIONAL CAPITAL AND INNOVATION

The study examines how executive incentive design shapes firms’ investments in organisational capital and the resulting consequences for innovation and firm value. Integrating agency theory, managerial myopia, the resource-based view, and the complementary-assets perspective, we argue that pay-for-performance sensitivi...