Eaton, Tim V.; Nichols, Craig; Wahlen, James Michael; … - In: Journal of risk and financial management : JRFM 14 (2021) 4, pp. 1-33
, we find that unexpected investments in leases are associated with higher CEO compensation driven primarily by future … interested in investment efficiency, corporate governance, and leases. …What incentives do managers face that might give rise to inefficient investments in leases? If managers make …