, while RPE cash awards do not. These incentives can be significant in comparison to those conveyed by APE grants with similar …

aversion, resulting in lower return investment choices. Therefore, we assess whether incentives associated with stock option … greater risk aversion rather than excessive risk-taking. Overall, our results imply that risk-taking incentives (i.e., vega …

This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards. …

. Moreover, the results indicate that strong incentives in capital market divisions induced excessively high risks in the capital …

future returns and its direction differ depending on the executive compensation packages, suggesting that management …

public intervention, and finally exit. When the blockholder faces short-term incentives, the threat of public intervention … and exit loses credibility, and management pays little heed to private demands. With two blockholders with heterogeneous … incentive horizons, reduction in public intervention by a blockholder with short-term incentives strengthens public intervention …

of evidence that independent director reputation incentives influence the supply of director services. These reputation … incentives vary across firms and over time, significantly influencing important board decisions and firm outcomes. When more …