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Equity incentives, disclosure quality, and stock liquidity risk
Wruck, Karen H.; Wu, Yi Lin - 2017
We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via …
Persistent link: https://www.econbiz.de/10011963233
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Clawback Provisions in Executive Compensation Contracts
Stark, Johanna - 2020
Clawbacks are contractual provisions in executive compensation contracts that allow for an ex post recoupment of variable pay if certain triggering conditions are met. As a result of regulatory responses to financial crises and corporate scandals as well as of growing shareholder pressure to...
Persistent link: https://www.econbiz.de/10012833330
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The Enforcement of Say on Pay Votes and CEOs’ Investment Incentives
Göx, Robert F. - 2014
incentives, the level and structure of executive compensation, and firm performance. We operationalize the board's discretion in …. However, it also creates a hold-up problem that undermines CEOs' investment incentives and firm profit. Conversely, the …
Persistent link: https://www.econbiz.de/10013070019
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Do CEOs make their own luck? : relative versus absolute performance evaluation and firm risk
Wruck, Karen H.; Wu, Yi Lin - 2017 - Current Draft: 10/5/17
) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …
Persistent link: https://www.econbiz.de/10011968863
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CEO Risk Taking Equity Incentives and Workplace Misconduct
Chircop, Justin - 2020
We examine the relation between CEO risk taking equity incentives, as captured by CEO vega, and workplace misconduct … misconduct. These results suggest that CEO risk taking equity incentives strategically affect operational decision making …
Persistent link: https://www.econbiz.de/10012845113
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Evolving Executive Equity Compensation and the Limits of Optimal Contracting
Walker, David I. - 2010
granted in recent years suggests that optimizing incentives is not the sole consideration of issuing firms. Third, the extent …
Persistent link: https://www.econbiz.de/10013151751
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The Diminishing Returns of Incentive Pay in Executive Compensation Contracts
Lund, Andrew - 2014
For the past 30 years, the conventional wisdom has been that executive compensation packages should include very large proportions of incentive pay. This incentive pay orthodoxy has become so firmly entrenched that the current debates about executive compensation simply take it as a given. We...
Persistent link: https://www.econbiz.de/10013068058
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Trading away incentives
Colonnello, Stefano; Curatola, Giuliano Antonio; Xia, Shuo - 2022 - This draft: October 19, 2022
, generally implicit assumption that managers cannot undo their incentive packages, (ii) the standard modeling practice of … motives in managers' portfolio choices. …
Persistent link: https://www.econbiz.de/10013411812
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The effect of option grants on managerial risk taking : a review
Lin, Guoyu; Liu, Chenyong; Mette, Jehu; Crichton, Rohan - In: Risks : open access journal 10 (2022) 8, pp. 1-8
risk taking. One of the objectives is the motivation of further research on the topic. Risk-averse managers hold less … mitigating overall risk-taking incentives. The net effect of options on risk-taking behavior is, therefore, ambiguous and calls …
Persistent link: https://www.econbiz.de/10013368499
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CFOs versus CEOs : Equity Incentives and Crashes
Kim, Jeong-Bon - 2011
Using a large sample of U.S. firms for the period 1993-2009, we provide evidence that the sensitivity of a chief financial officer's (CFO) option portfolio value to stock price is significantly and positively related to the firm's future stock price crash risk. In contrast, we find only weak...
Persistent link: https://www.econbiz.de/10013131966