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Managers’ Stock-Based Compensation and Disclosures of High Proprietary Cost Information : An Investigation of US Biotech Firms
Enache, Luminita - 2020
In this study, we examine whether CEOs' stock-based compensation has any relationship with the disclosure of highly proprietary information. While prior studies suggest that stock-based compensation provides managers with an incentive to enhance their voluntary disclosures in general, we argue...
Persistent link: https://www.econbiz.de/10012853081
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The Performance of Diverse Teams : Evidence from U.S. Mutual Funds
Evans, Richard B. - 2020
We examine team diversity and performance using the asset management industry as a laboratory. Employing political …
Persistent link: https://www.econbiz.de/10012845857
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The Impact of Financial Distress on CEO Compensation in the United States
Verhasselt, Gertjan - 2017
unaffected by distress, whereas performance-based bonuses and restricted stock are significantly lower in distressed firms. Stock …
Persistent link: https://www.econbiz.de/10012944997
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Public opinion and executive compensation
Kuhnen, Camelia M. (contributor);  … - 2010 - This version: May 2010
reducing pay-to-performance sensitivity. The reduction in option pay after increased press negativity is more pronounced when …
Persistent link: https://www.econbiz.de/10009698174
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How Do Quasi-Random Option Grants Affect CEO Risk-Taking?
Shue, Kelly - 2017
We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi- year compensation plans, which generate...
Persistent link: https://www.econbiz.de/10012974660
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Shareholders Have a Say in Executive Compensation : Evidence from Say-on-Pay in the United States
Kimbro, Marinilka Barros - 2015
, accounting quality and financial performance. Second, we find that Boards react to SOP rejection votes by subsequently reducing …
Persistent link: https://www.econbiz.de/10013036020
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The Degradation of Distorted Performance Measures
Sloof, Randolph; van Praag, Mirjam - 2008
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …
Persistent link: https://www.econbiz.de/10010325988
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The effect of appraisal interviews and target agreements on employee effort - new evidence using representative data
Kampkötter, Patrick; Maier, Patrick - 2020
Performance measurement and evaluation systems are among the most common management instruments. An integral element of … this paper, we investigate the relationship between performance management and evaluation systems and individual effort … results show positive and statistically significant relationships between the presence of a performance management and …
Persistent link: https://www.econbiz.de/10012231408
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The incentives for tax planning
Armstrong, Christopher; Blouin, Jennifer L.; Larcker, … - 2011 - Draft: March 8, 2011
We use a proprietary data set with detailed executive compensation information to examine the relationship between the incentives of the tax director and GAAP and cash effective tax rates, the book-tax gap, and measures of tax aggressiveness. We find that the incentive compensation of the tax...
Persistent link: https://www.econbiz.de/10009506609
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Private company finance and financial reporting
Hope, Ole-Kristian; Vyas, Dushyantkumar - 2017
This article provides a comprehensive assessment of private firms' financing sources and their relation with financial reporting practices. We consider debt financing (bank financing, leasing, and government guarantees), equity financing (family ownership, government ownership, employee...
Persistent link: https://www.econbiz.de/10011646298