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Trading away incentives
Colonnello, Stefano; Curatola, Giuliano Antonio; Xia, Shuo - 2022 - This draft: October 19, 2022
, generally implicit assumption that managers cannot undo their incentive packages, (ii) the standard modeling practice of … motives in managers' portfolio choices. …
Persistent link: https://www.econbiz.de/10013411812
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Trading away incentives
Colonnello, Stefano; Curatola, Giuliano Antonio; Xia, Shuo - 2022
Persistent link: https://www.econbiz.de/10013472925
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Cheap stock options : antecedents and outcomes
Badertscher, Brad A.; Jorgensen, Bjorn N.; Katz, Sharon P. - 2022
Persistent link: https://www.econbiz.de/10013373094
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Overpayments in Acquisitions, Preannouncement Insider Trading, and Executive Compensation
Akbulut, Mehmet - 2015
Casual observations suggest that bidder managers sometimes pay more than the economic value of target in mergers and … that bidder managers exploit their information advantage about the pricing implications of overpaid acquisitions by … acquisitions. Second, we document that bidder managers pay more than the economic value of targets not due to managerial hubris or …
Persistent link: https://www.econbiz.de/10013034272
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Executive Compensation, Individual-Level Tax Rates, and Insider Trading Profits
Goldman, Nathan C.; Ozel, N. Bugra - 2022
We examine whether individual-level taxes affect executives’ propensity to use nonpublic information in insider trades. We predict and find a positive relation between abnormal insider trading profitability and income tax rates. Using plausibly exogenous variation in state income tax rates, we...
Persistent link: https://www.econbiz.de/10014237707
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Stock-based compensation and insider trading with liquidity signal
Hahn, Guangsug; Kwon, Joon Yeop - In: Korea and the world economy 23 (2022) 3, pp. 167-184
Persistent link: https://www.econbiz.de/10013490763
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Executive Compensation, Earnings Management and Over Investment in Malaysia
Chu, Ei Yet - 2012
Using 196 Malaysian public listed firms, the study investigates the inter-relationship between executive compensation, earnings management and over investment. Although there is no evidence that executive directors enhance their compensation packages through earnings management, there is a...
Persistent link: https://www.econbiz.de/10013107006
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Rank and File Equity Compensation and Earnings Management : Evidence from Stock Options
Holderness, Kip - 2019
The wide-spread use of rank and file equity-based compensation suggests that executives believe that rank and file employees can affect firm outcomes, and some research supports this view. If equity-based incentives influence rank and file employees' productive efforts, they might also influence...
Persistent link: https://www.econbiz.de/10012865042
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CSR-Contingent Executive Compensation Incentive and Earnings Management
Li, Zhichuan Frank - 2019
This paper empirically studies the connection between earnings management and corporate social performance, conditional on the existence of CSR-contingent executive compensation contracts, an emerging practice to link executive compensation to corporate social performance. We find that...
Persistent link: https://www.econbiz.de/10012868014
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Executive Compensation, Earnings Management and Shareholder Litigation
Wu, Yan Wendy - 2020
This paper examines the effects of executive compensation and potential for earnings management on the incidence of shareholder class action lawsuits and their outcomes. Although damage measurement factors,managerial option intensity, and earnings management all significantly affect the...
Persistent link: https://www.econbiz.de/10012857511