Huang, Yi-Ting; Wu, Ming-Cheng; Liao, Szu-Lang - In: Emerging Markets Finance and Trade 49 (2013) S2, pp. 107-125
The authors analyze the impact of equity-based compensation on managerial risk-taking behavior in Chinese listed firms from January 2006 to July 2011. They find that greater risk-taking incentives lead executives to invest more in research and development (R&D) projects and less in capital...
