Role of R&D expenditure, CEO compensation and financial ratios for country's economic sustainability and innovative growth
by Raminta Benetyte; Javier Giner Rubio; Bohdan Kovalov; Nadiya Matviychuk-Soskina; Rytis Krusinskas
International Journal of Global Energy Issues (IJGEI), Vol. 43, No. 2/3, 2021

Abstract: In this paper, we combine to evaluate interrelation of the financial performance indicators of companies from different European countries, rewards paid to CEO (compensation), companies' research and development (R&D) expenditure, changes in sustainability and innovativeness of country's economy. In this paper, economic sustainability is treated as economic growth in a long-term perspective, based on long-term value-added innovations. In this perspective, companies are one of the main sources in delivering financial/economic value from innovation for the country. That is why there are ongoing discussions to determine the links between companies' R&D, managers making risky decisions and countries economic development. The results of our research reflect the assumptions that companies' efficiently managed financial resources and financially motivated top-level managers targeting to accept the risk for R&D can contribute not only to increasing of company's economic potential, but also to the sustainability of a country's economy. These results reflect the assumptions that companies' efficiently managed financial resources and financially motivated top-level managers targeting to accept the risk for R&D can contribute not only to increasing of company's economic potential, but also to the sustainability of a country's economy.

Online publication date: Thu, 20-May-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Global Energy Issues (IJGEI):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com