incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and … managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest … rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility …

and nanny-state promises. Dr. Phelps also exposes how the Great Wealth Transfer has begun, and the proven steps you can … implement to protect your wealth." …