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The relationship between compensation, performance, and risk in a sample of Pakistani banks, using panel data for 20 banks from 2011 to 2021 has been examined in this research. To the best of researcher's knowledge, this is one of the first study examining the relationship between performance,...
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We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi-year compensation plans, which generate two...
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