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Publicly traded firms in the U.S. typically determine C.E.O. compensation by benchmarking the pay of their C.E.O.s against the pay of C.E.O.s in “peer” firms. The naming of particular peer companies by individual firms constitutes a supra-firm relational structure (network) in which an...
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This study addresses the relationship between incentive compensation and complex outsourcing in somewhat different vein …. The agency theory suggests, firstly that managers are constantly faced with allocation of efforts and choices and within … contracts in place. We extend these findings by testing outsourcing as an alternative choice for a risk-averse manager when …
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