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We explore the role of stock liquidity in influencing the composition of CEO annual pay and the sensitivity of managerial wealth to stock prices. We find that as stock liquidity goes up, the proportion of equity-based compensation in total compensation increases while the proportion of...
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The objective of the paper is to analyse the significance of traditional ratios compared cash flows ratios in liquidity analysis of Zimbabwe Stock Exchange (ZSE) listed retail companies, with emphasis on these impact investor decision making. The analysis covered a period of 5 years (2010-2014)...
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