Showing 1 - 10 of 52
We develop a model that endogenizes the manager's choice of firm risk and of inside debt investment strategy. Our model delivers two predictions. First, managers have an incentive to reduce the correlation between inside debt and company stock in bad times. Second, managers that reduce such a...
Persistent link: https://www.econbiz.de/10011572771
Persistent link: https://www.econbiz.de/10011917498
Persistent link: https://www.econbiz.de/10011959110
the level, structure, and mechanisms of CEO compensation in Japan and perform a matched sample comparison between Japan …
Persistent link: https://www.econbiz.de/10012917053
, by comparing the UK and Japan. There is a positive and significant relationship between directors' pay and employees …' average wage in Japan, suggesting that both directors and employees have a similar incentive system while no such relationship …
Persistent link: https://www.econbiz.de/10005045134
Persistent link: https://www.econbiz.de/10011431752
Persistent link: https://www.econbiz.de/10011486084
Persistent link: https://www.econbiz.de/10011486091
Persistent link: https://www.econbiz.de/10011509612
Persistent link: https://www.econbiz.de/10011509614