Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10013415729
Although stock options are commonly observed in chief executive o±cer (CEO) compensation contracts, there is theoretical controversy about whether stock options are part of the optimal contract. Using a sample of Fortune 500 companies, we solve an agency model calibrated to the company-specific...
Persistent link: https://www.econbiz.de/10010266313
Persistent link: https://www.econbiz.de/10007189232
Persistent link: https://www.econbiz.de/10007195683
The discussion reinforces and expands on some of the fundamental issues about endogeneity raised by Chenhall and Moers (European Accounting Review, this issue, pp. 173-195). We focus on the econometric problems researchers encounter when investigating the performance effects of some endogenous...
Persistent link: https://www.econbiz.de/10005462626