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Honesty in tournaments
Conrads, Julian; Irlenbusch, Bernd; Rilke, Rainer Michael; … - In: Economics letters 123 (2014) 1, pp. 90-93
Persistent link: https://www.econbiz.de/10010396506
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Upstream collusion and downstream managerial incentives
Bian, Junsong; Lai, Kin Keung; Hua, Zhongsheng - In: Economics letters 118 (2013) 1, pp. 97-100
Persistent link: https://www.econbiz.de/10009706863
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Operating performance around the adoption of director incentive plans
Vafeas, Nikos - In: Economics letters 68 (2000) 2, pp. 185-190
Persistent link: https://www.econbiz.de/10001485069
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Managerial Value Diversion and Shareholder Wealth
Bebchuk, Lucian A. - 2008
managers. We question this view within its own analytical framework by studying, in a principal-agent model, the effects of … diversion overlooks a significant cost of such behavior. Many common modes of compensation can provide managers with incentives …
Persistent link: https://www.econbiz.de/10012774878
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Executive Compensation and the Optimality of Managerial Entrenchment
Gorton, Gary B. - 2008
Firms are more complicated than standard principal-agent theory allows: firms have assets-in-place; firms endure … through time, allowing for the possibility of replacing a shirking manager; firms have many managers, constraining the amount …
Persistent link: https://www.econbiz.de/10012774972
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Executive Compensation : A Survey of Theory and Evidence
Edmans, Alex - 2017
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012951861
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Credit Default Swaps, Agency Problems, and Management Incentives
Lee, Jongsub - 2017
: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the …
Persistent link: https://www.econbiz.de/10012941985
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Executive Compensation and Incentives : the Impact of Takeover Legislation
Bertrand, Marianne - 2010
We investigate the impact of changes in states' anti-takeover legislation on executive compensation. We find both pay for performance sensitivities and mean pay increase for the firms affected by the legislation (relative to a control group). These findings are partially consistent with an...
Persistent link: https://www.econbiz.de/10012763822
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Managerial incentives and stock price dynamics : an experimental approach
Te, Bao; Halim, Edward; Noussair, Charles; Riyanto, … - In: Experimental economics : a journal of the Economic … 24 (2021) 2, pp. 617-648
Persistent link: https://www.econbiz.de/10012544417
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Affiliation, Integration, and Information : Ownership Incentives and Industry Structure
Hubbard, Thomas N. - 2021
This paper presents theory and evidence on horizontal industry structure, focusing on situations where plant …
Persistent link: https://www.econbiz.de/10013213411