This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent … governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards. …

) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After … adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between …

taking on excessive risk?• What does it say about SEC rules that the results of this analysis are vastly different from the …

This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … non-SOEs than in SOEs. This may be due to the regulation of compensation, various forms of incentives and the multiple … tasks of managers in SOEs. …

I investigate the consequences of executive stock option (ESO) risk incentives on risk-taking and future stock returns … exists in executives’ risk preferences and hence, the efficacy of ESO risk incentives to encourage risk-taking. I provide … evidence that for firms with poor recent performance, high vega generates incentives for executives to take risk …

Ordinary least squares (OLS) estimates are frequently used to measure the effects of managerial incentives on corporate …