Boulton, Thomas J.; Braga-Alves, Marcus V.; … - In: Journal of Financial Research 37 (2014) 3, pp. 267-294
type="main" xml:lang="en" <title type="main">Abstract</title> <p>Theory is conflicted on the impact of equity-based compensation on managerial risk taking. We explore this issue by studying the relation between equity-based compensation and firms' propensity to make acquisitions. Consistent with the notion that equity-based...</p>