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I examine CEO compensation in outsourcing firms, using a new database of purchase obligations from firm 10-Ks. I find … that the intensity of outsourcing can significantly explain the variations in CEO compensation; the more the firms do … outsourcing, the more they pay to their CEOs. Outsourcing firms promote managerial risk-taking by using proportionally more equity …
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prevailing "modal bank" are better off compared with those pursuing generic diversification. Moreover, we find that early …
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