Câmara, António - In: Journal of Business Finance & Accounting 28 (2001-11) 9&10, pp. 1115-1139
Since 1995, more than 50 percent of the firms in the "FTSE"-100 have granted rewards to their senior executives, the payoffs of which are contingent on the firm's stock return relative to a bench mark return over a given period (hereafter, relative performance incentives). This paper...