Managerial Compensation and the Treat of Takeover.

A greater threat of takeover has two opposing effects on managerial compensation. The competition effect in the market for managers reduces compensation. The risk effect increases compensation by making managers' implicitly deferred compensation and firm-specific human capital less secure.

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Year of publication:	1997
Authors:	Agrawal, A ; Knoeber, C-R
Institutions:	Rodney L. White Center for Financial Research, Wharton School of Business
Subject:	MANAGEMENT \| WAGE DETERMINATION

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Series:	Rodney L. White Center for Financial Research Working Papers.
Type of publication:	Book / Working Paper
Notes:	18 pages
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J33 - Compensation Packages; Payment Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005245242