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Information control, career concerns, and corporate governance
Song, Fenghua; Thakor, Anjan V. - In: The journal of finance : the journal of the American … 61 (2006) 4, pp. 1845-1896
Persistent link: https://www.econbiz.de/10003357817
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Disagreement, career concerns, and corporate finance
Song, Fenghua - 2007
Persistent link: https://www.econbiz.de/10009689752
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Antitrust fines in times of crisis
Fabra, Natalia; Motta, Massimo - 2013
Persistent link: https://www.econbiz.de/10009713884
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Executive compensation, macroeconomic conditions, and cash flow cyclicality
Colonnello, Stefano - 2016
I model the joint effects of debt, macroeconomic conditions, and cash flow cyclicality on risk-shifting behavior and managerial pay-for-performance sensitivity. I show that risk-shifting incentives rise during recessions and that the shareholders can eliminate such adverse incentives by reducing...
Persistent link: https://www.econbiz.de/10011445657
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Aktienkursorientierte Managemententlohnung bei korrelierter Entwicklung der Marktnachfrage
Neubecker, Leslie (contributor) - 2005
Persistent link: https://www.econbiz.de/10009232808
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Managerial incentives, capital reallocation, and the business cycle
Eisfeldt, Andrea L.; Rampini, Adriano A. - In: Journal of financial economics 87 (2008) 1, pp. 177-199
Persistent link: https://www.econbiz.de/10003629005
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Beating Business Cycle Through Effective Compensation Management : Realigning Fixed and Variable Pay in Sales Organizations
Madhani, Pankaj M. - 2011
Business cycle plays key role in influencing organizational performance. Understanding of business cycle phases has been the focus of researchers to mitigate negative impacts of business cycle on the organizations. Realigning fixed and variable pay in the pay structure helps organizations in...
Persistent link: https://www.econbiz.de/10013118314
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Exchange Rate and Macroeconomic Fluctuations as Sources of Luck in CEO Compensation
Wihlborg, Clas - 2011
Exchange rate and other macroeconomic fluctuations can be considered sources of good or bad “luck” for corporate performance. Incentive effects of performance-based compensation for management may be weakened or biased by macroeconomic influences on remuneration depending on the ability of...
Persistent link: https://www.econbiz.de/10013120460
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Relative Wealth Concerns, Executive Compensation, and Risk Taking
Liu, Qi - 2017
We present a general-equilibrium theory of contracting in which managers are concerned about their social standing in a …
Persistent link: https://www.econbiz.de/10012975405
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Relative Wealth Concerns, Executive Compensation, and Systemic Risk-Taking
Liu, Qi - 2016
wealth concerns, in which a manager's satisfaction with his own compensation depends on the compensation of other managers … to luck provides insurance to managers against a compensation shortfall relative to executive peers during market … fluctuations. When all firms pay for luck, we show that an effort-inducing mechanism exists: managers have additional incentives to …
Persistent link: https://www.econbiz.de/10013210402