Huang, Hsing-Hua; Lin, Chia-Fan - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 01, pp. 1450006-1
This paper theoretically and empirically investigates the relationship between the intensity of product market competition and the fraction of firms that use stock-based compensation in an industry. By employing the relationship between a firm's risk-taking behavior and the use of stock-based...