Similar Search Results

Conflicts of interest and market illiquidity in bankruptcy auctions : theory and tests

Strömberg, Per - In: The journal of finance : the journal of the American … 55 (2000) 6, pp. 2641-2692

Persistent link: https://www.econbiz.de/10001537341

Liquidity and manipulation of executive compensation schemes

Axelson, Ulf; Baliga, Sandeep - In: The review of financial studies 22 (2009) 10, pp. 3907-3939

Persistent link: https://www.econbiz.de/10003886940

Investment banking careers : an equilibrium theory of overpaid jobs

Axelson, Ulf; Bond, Philip - 2011

Persistent link: https://www.econbiz.de/10009355534

A theory of the evolution of derivatives markets

Axelson, Ulf - 2013

Persistent link: https://www.econbiz.de/10010345876

Informational black holes in financial markets

Axelson, Ulf; Makarov, Igor - 2016

Persistent link: https://www.econbiz.de/10011488092

Liquidity and Manipulation of Executive Compensation Schemes

Axelson, Ulf - 2012

Compensation contracts have been criticized for encouraging managers to manipulate information. This includes bonus schemes that encourage earnings smoothing, and option packages that allow managers to cash out early when the firm is overvalued. We show that the intransparency induced by these...

Persistent link: https://www.econbiz.de/10013116766