We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via …

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

, generally implicit assumption that managers cannot undo their incentive packages, (ii) the standard modeling practice of … motives in managers' portfolio choices. …

incentives, and why peer firm pay matters beyond retention concerns. Fairness also matters to investors, with shareholder returns …

-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 model to individual CEO data and show that it can explain … with the almost uniform use of at-the-money stock options. We conclude that the provision of risk-taking incentives is a …

' incentives to misreport, is overbroad. The economy and investors would be better served by a more narrowly targeted “smart …

In this updated Closer Look, we examine the tensions between corporate culture, financial incentives, and employee … do you maximize the positive contribution that incentives make to culture while minimizing potentially negative outcomes …

decreasing firm risk. The mechanisms that transmit incentives to decisions and decisions to risk appear to be more conservative …

Valeant directly a result of the incentives placed on its CEO? Would they have occurred if the incentives were less aggressive …