) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …

incentives: pay-performance elasticity (PPE), semi-elasticity (PPSE), and sensitivity (PPS). Larger, more R&D intensive, and low …, suggesting that the average firm's incentives are at the low end of the optimal range. Overall, the results obtained with the PPE …

Ordinary least squares (OLS) estimates are frequently used to measure the effects of managerial incentives on corporate …

incentives. Moreover, the results suggest that difficult vesting targets negatively affect managers' choice of effort, resulting … in the divergence of managers' and shareholders' interests …

effect on the quality of new inventions. Further analysis reveals that the positive association between managerial incentives … between managerial incentives and patent quality only holds among firms with high ownership concentration and SOEs. The … entirety of these results suggests that managerial incentives are a net-negative for the innovative output of firms with high …

further examines the link between pay and performance by examining the impact of promotion-based tournament incentives. Our … empirical analysis therefore seeks to better understand the determinants of tournament incentives, particularly surrounding the … appointment of a new CEO. Further, we test whether firm performance is influenced by the magnitude of tournament incentives. Our …

obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …