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Standard principal-agent theory predicts that large firms should not use employee stock options and other stock-based compensation to provide incentives to non-executive employees. Yet, business practitioners appear to believe that stock-based compensation improves incentives, and mounting...
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executive officer (CEO) and the top management team (TMT) with respect to the rhythm of firm internationalization. Design … strategy. This research contributes to the literature linking strategic human resource management and corporate strategy in …
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