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Investment Choice with Managerial Incentive Schemes
Sarkar, Shubhro - 2020
In this paper, we show that firms might get an additional strategic benefit from using marginal-cost-reducing investments in conjunction with a managerial incentive scheme. While both these instruments allow firms to “aggressively” participate in product market competition, we show that they...
Persistent link: https://www.econbiz.de/10012848382
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Double Bonus? Implicit Incentives for Money Managers with Explicit Incentives
Gregoire, Vincent - 2019
(performance fees) and implicit incentives (fund flows) of asset managers. Funds with performance fees face substantially steeper …We use a unique dataset of European performance-fee mutual funds to examine the interaction between explicit incentives … implicit incentives compared to non-performance-fee funds. Among performance-fee funds, investors' flows depend on the …
Persistent link: https://www.econbiz.de/10012901776
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Which Incentives Do Portfolio Managers' Compensations Induce?
Wang, Yanjie; Xu, Jing - 2022
Mutual fund managers' compensation packages often contain relative performance-dependent components such as year …
Persistent link: https://www.econbiz.de/10014238831
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What determines the allocation of managerial ownerhship within firms? : evidence from investment management firms
Dimmock, Stephen G.; Gerken, William C.; … - In: The journal of corporate finance : contracting, … 30 (2015), pp. 44-64
Persistent link: https://www.econbiz.de/10010505782
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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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Portfolio manager ownership and mutual fund risk taking
Ma, Linlin; Tang, Yuehua - In: Management science : journal of the Institute for … 65 (2019) 12, pp. 5518-5534
Persistent link: https://www.econbiz.de/10012146673
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Robust portfolios and weak incentives in long-run investments
Guasoni, Paolo; Muhle-Karbe, Johannes; Xing, Hao - In: Mathematical finance : an international journal of … 27 (2017) 1, pp. 3-37
Persistent link: https://www.econbiz.de/10011739438
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Managerial incentives to increase risk provided by debt, stock, and options
Anderson, Joshua D.; Core, John E. - In: Management science : journal of the Institute for … 64 (2018) 9, pp. 4408-4432
Persistent link: https://www.econbiz.de/10011921531
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Performance incentive fees : an agency theoretic approach
Starks, Laura T. - In: Journal of financial and quantitative analysis : JFQA 22 (1987) 1, pp. 17-32
Persistent link: https://www.econbiz.de/10001023055
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How much should you pay your portfolio manager?
Lioui, Abraham - 1995
Persistent link: https://www.econbiz.de/10000931720