This paper links the CEO's concerns for the current stock price to reductions in real investment. We identify short … assets), 11% of the average investment-to-assets ratio. Vesting equity is also associated with positive analyst forecast … determined by equity grants made several years prior, and thus unlikely to be driven by current investment opportunities, our …

This paper links the impending vesting of CEO equity to reductions in real investment. Existing studies measure the … current investment opportunities. An interquartile increase is associated with a decline of 0.11% in the growth of R&D (scaled …

This paper links the impending vesting of CEO equity to reductions in real investment. Existing studies measure the … current investment opportunities. An interquartile increase is associated with a decline of 0.11% in the growth of R&D (scaled …

buybacks and investment levels. It expands the existing evidence base with UK-specific data using econometric, case study and … of buybacks) between the existence of executive pay targets and investment levels in companies. The research will …