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Tournament incentives and firm innovation
Shen, Hsin-han; Zhang, Hao - In: Review of finance : journal of the European Finance … 22 (2018) 4, pp. 1515-1548
Persistent link: https://www.econbiz.de/10012005752
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Innovation, R&D and Managerial Compensation
Sanyal, Paroma - 2014
more sensitive to the firm's stock price the innovation performance of a firm improves. Entrenched managers, however, are …This paper investigates whether aligning manager and owner incentives can improve the innovation performance of firms …-term incentives have little impact on innovation. Higher managerial tenure increases the probability of R&D spending and innovation …
Persistent link: https://www.econbiz.de/10013070027
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Risk aversion, prudence, and compensation
Chaigneau, Pierre - In: The European journal of finance 21 (2015) 13/15, pp. 1357-1373
Persistent link: https://www.econbiz.de/10011419883
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Performance-based compensation and firm value : experimental evidence
Pfeiffer, Glenn M.; Shields, Timothy W. - In: Accounting horizons : a quarterly publication of the … 29 (2015) 4, pp. 777-798
Persistent link: https://www.econbiz.de/10011428910
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How important are risk-taking incentives in executive compensation?
Dittmann, Ingolf; Yu, Ko-Chia - 2009
This paper investigates whether observed executive compensation contracts are designed to provide risk-taking incentives in addition to effort incentives. We develop a stylized principal-agent model that captures the interdependence between firm risk and managerial incentives. We calibrate the...
Persistent link: https://www.econbiz.de/10011378949
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The ombudsman : a closer look at the efficiency of top executive pay and incentives
Armstrong, Christopher - In: Interfaces : the INFORMS journal on the practice of … 43 (2013) 6, pp. 590-592
Persistent link: https://www.econbiz.de/10010236076
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How do labor representatives affect incentive orientation of executive compensation?
Dyballa, Katharina; Kraft, Kornelius - 2016
Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011526742
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Disentangling managerial incentives from a dynamic perspective : the role of stock grants
Hili, Amal; Laussel, Didier; Long, Ngo Van - 2016
Persistent link: https://www.econbiz.de/10011536492
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Disentangling managerial incentives from a dynamic perspective : the role of stock grants
Hili, Amal; Laussel, Didier; Long, Ngo Van - 2016
We analyze the optimal contract between a risk-averse manager and the initial shareholders in a two-period model where the manager's investment effort, carried out in period 1, and her current effort, carried out in period 2, both impact the second-period profit, so that it may be difficult to...
Persistent link: https://www.econbiz.de/10011538964
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Changes in the incentive contracts of takeover targets after merger failures
Li, Lin; Tong, Wilson H.; Cheng, Peter - In: Journal of accounting, auditing & finance : JAAF 37 (2022) 1, pp. 143-172
Persistent link: https://www.econbiz.de/10012794269