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possible justification for the practice of putting more stocks and options in the packages of managers with a longer tenure in … risk-averse managers. We find that risk-aversion reduces, and in some cases can even revert, the profitability of seniority …
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In dieser Arbeit untersuchen wir Höhe und Struktur der Vergütung von Fondsmanagern und erklären diese durch Eigenschaften des Arbeitnehmers, des Arbeitgebers und des Arbeitsplatzes. Insgesamt verdienen deutsche Fondsmanager weniger als ihre merikanischen Kollegen. Die Vergütungshöhe hängt...
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Many commentators have suggested that companies pay top executives with deferred compensation, a type of incentive known as inside debt. Recent SEC disclosure reforms greatly increased the transparency of deferred compensation. We investigate stockholder and bondholder reactions to companies’...
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