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Stock repurchases and incentive compensation

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Stock repurchases and incentive compensation

Jolls, Christine M. - 1998

Persistent link: https://www.econbiz.de/10000990217

Stock Repurchases and Incentive Compensation

Jolls, Christine - 1998

A longstanding puzzle in corporate finance is the rise of stock repurchases as a means of distributing earnings to shareholders. While most attempts to explain repurchase behavior focus on the incentives of firms, this paper focuses on the incentives of the agents who run firms, as determined by...

Persistent link: https://www.econbiz.de/10012472338