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Employment risk, compensation incentives and managerial risk taking: Evidence from the mutual fund industry
Kempf, Alexander; Ruenzi, Stefan; Thiele, Tanja - Institut für Finanzmarktforschung, Wirtschafts- und … - 2008
We examine the influence on managerial risk taking of incentives due to employment risk and due to compensation. Our … empirical investigation of the risk taking behavior of mutual fund managers indicates that managerial risk taking crucially … depends on the relative importance of these incentives. When employment risk is more important than compensation incentives …
Persistent link: https://www.econbiz.de/10010957204
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Do CEO compensation incentives affect firm innovation? Purpose–The purpose of this paper is to examine if the structure and design of CEO compensation has any effect on firm innova...
Sheikh, Shahbaz - In: Review of Accounting and Finance 1 (2012) February, pp. 4-39
Persistent link: https://www.econbiz.de/10010540360
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INFLUENCE ACTIVITY AND ALLOCATION OF FIRMS' INTERNAL CAPITAL: EVIDENCE FROM AUSTRALIA
Mishra, Vinod; Banerjee, Rajabrata; Dey, Tania - Department of Econometrics and Business Statistics, … - 2011
This paper analyzes how influence activities in the form of signal jamming affect the capital budgeting process of corporate organizations in Australia. First, the relationship between investment in the smallest division and its past performances is tested. The relationship is defined as...
Persistent link: https://www.econbiz.de/10009394009
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The relationship between audit committees, compensation incentives and corporate audit fees in Pakistan
Rustam, Sehrish; Rashid, Kashif; Zaman, Khalid - In: Economic Modelling 31 (2013) C, pp. 697-716
the risk of biasness and collinearity among variables. The result of panel regression indicates that audit committee …
Persistent link: https://www.econbiz.de/10010636289
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VALUATION OF EMPLOYEE RELOAD OPTIONS USING UTILITY MAXIMIZATION APPROACH
LAU, KA WO; KWOK, YUE KUEN - In: International Journal of Theoretical and Applied … 08 (2005) 05, pp. 659-674
–Scholes risk neutral valuation approach may not be appropriate to be adopted as the pricing vehicle for employee stock options, due … options with reload provision. The risk aversion of the employee enters into the pricing model through the choice of the … outstanding, the risk aversion level and personal wealth. In particular, we explore how the reload provision may lower the …
Persistent link: https://www.econbiz.de/10004971781
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Option grants and investor reaction to restatement-induced litigation Purpose – The purpose of this paper is to examine the relation between CEO option grants at the beginning of t...
Amoah, Nana Y. - In: Review of Accounting and Finance 1 (2012) February, pp. 40-52
Persistent link: https://www.econbiz.de/10010814971
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Analysts' estimates: What they could be telling us about the impact of IFRS on earnings manipulation in Europe Purpose – The purpose of this paper is to examine whether mandatory a...
Aubert, François; Grudnitski, Gary - In: Review of Accounting and Finance 1 (2012) February, pp. 53-72
Persistent link: https://www.econbiz.de/10010814972
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SOLUTIONS FOR MEASURING THE FAIR VALUE OF THE WORKFORCE
Adela, Deaconu - In: Annals of Faculty of Economics 3 (2009) 1, pp. 883-887
For the past decades International Accounting Standards and other Anglo-Saxon standards, for example the American ones, had promoted fair value as a valuation basis for the elements of the financial statements. Thus, the quality of the financial informati
Persistent link: https://www.econbiz.de/10008512080
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The impact of executive pay on the disclosure of alternative earnings per share figures
Grey, Colette; Stathopoulos, Konstantinos; Walker, Martin - In: International Review of Financial Analysis 29 (2013) C, pp. 227-236
This paper investigates the motives for disclosing an alternative earnings per share (EPS) figure. In particular, we extend prior findings for the UK (Choi, Lin, Walker & Young, 2007) by highlighting the role of managerial contracting in the alternative EPS disclosure choice. We examine a...
Persistent link: https://www.econbiz.de/10010741748
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A margin requirement based return calculation for portfolios of short option positions
Murray, Scott - In: Managerial Finance 39 (2013), pp. 550-568
Purpose – Short option positions carry significant risk of losses well in excess of 100 per cent of the initial option … adjustments to ensure that unwanted volatility risk is properly hedged. Originality/value – The result is a portfolio return that …
Persistent link: https://www.econbiz.de/10010709741