Showing 1 - 10 of 5,958
Persistent link: https://www.econbiz.de/10005245312
Persistent link: https://www.econbiz.de/10005353059
Using a simple three-period model in which a manager can gather information before making an investment decision, this paper studies incentive effects of various executive stock options. In particular, we show how the exercise price of executive stock options is related to base salary, the size...
Persistent link: https://www.econbiz.de/10010541772
Persistent link: https://www.econbiz.de/10005775448
Persistent link: https://www.econbiz.de/10005777231
investments and incomplete contracting, can be supported with approximately-designed contracts. These studies have, for the most … part, restricted attention to specific investments that benefit the investor (e.g., the seller's investment reduces her … cost of producing the good). We find very different results for "cooperative" specific investments that directly benefit …
Persistent link: https://www.econbiz.de/10005795276
Persistent link: https://www.econbiz.de/10005795327
This paper studies the effectiveness of alternative contract damages in inducing cooperative investments -- specific … investments that generate a direct benefit to the investor's trading partner. …
Persistent link: https://www.econbiz.de/10005812582
Persistent link: https://www.econbiz.de/10005035384
Persistent link: https://www.econbiz.de/10005487211